Judge Grants Final Approval Of $15M Securities Class Action Settlement

Mealey's (December 10, 2015, 9:20 AM EST) -- LOS ANGELES — A federal judge in California on Dec. 8 granted final approval of a $15 million securities class action settlement, ruling that the settlement, plan of allocation and attorneys’ fees sought are reasonable (Mark Roberti v. OSI Systems Inc., et al., No. 13-9174, C.D. Calif.; 2015 U.S. Dist. LEXIS 164312).

(Order available. Document #57-151214-044R.)

Under the terms of the settlement, OSI Systems Inc. will pay $15 million to settle claims that it, CEO Deepak Chopra and Chief Financial Officer Alan I. Edrick issued a...
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