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In Re OSI Systems, Inc., Derivative Litigation
Case Number:
2:14-cv-02910
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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January 23, 2017
OSI Settles Investor Suit Over TSA Nude Body Scanner Issues
A California federal judge on Monday approved OSI Systems Inc.'s deal imposing new corporate governance controls and paying $1.6 million in attorneys' fees to end a shareholder suit alleging the company covered up the problems caused when its airport body scanners showed passengers in the nude.
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April 16, 2014
OSI Zapped By Investor Suit Over Nude TSA Body Scanners
A disgruntled OSI Systems Inc. shareholder on Tuesday sued the security technology maker's board of directors, accusing them of misconduct that cost OSI $60 million in Transportation Security Administration contracts and threatened its ability to do business with the federal government again.