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OSI Systems Inc.

Company NameOSI Systems Inc.
Stock SymbolOSIS

On December 6, 2017, Carson Block of Muddy Waters Capital disclosed allegations that OSI Systems had paid bribes to obtain a contract in Albania. Mr. Block alleged, "smoking-gun proof that, when this company got a turn-key contract a few years ago in Albania — worth $150-$250 million top line — that they paid a bribe or kickback of almost half of that concession. To me, this is damning evidence."

On this news, shares of OSI fell $20.19 per share or 24% to close at $63.88 per share on December 6, 2017, thereby injuring investors.

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