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Stock impact report

OSI Systems discloses SEC, DOJ probes into alleged bribery, trading [MarketWatch]

OSI Systems, Inc. (OSIS) 
Last osi systems, inc. earnings: 4/30 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.osi-systems.com
Company Research Source: MarketWatch
OSI Systems discloses SEC, DOJ probes into alleged bribery, trading OSI Systems OSIS, +0.79% said the Securities and Exchange Commission has started an investigation into the company's compliance with the Foreign Corrupt Practices Act, and the U.S. Attorney's Office for the Central District of California has said it also intended to request information regarding FCPA compliance. OSI Systems said the regulators were acting in response to a short seller, as the firm Muddy Waters has alleged the company has relied on bribes to win a major contract in Albania. The SEC and DOJ are also conducting an investigation of trading in the company's securities, and OSI Systems said it's taken unspecified action with respect to a senior-level employee regarding trading. The company separately reported a fourth-quarter loss of $47 million, or $2.47 a share, due to a $2.96 per share charge on the current estimate of the tax on accumulated overseas profits and the revaluation of deferred tax assets Show less Read more
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