Federman & Sherwood Investigates Osiris for Possible Violations of Federal Securities Laws

OKLAHOMA CITY--()--The law firm of Federman & Sherwood has initiated an investigation into Osiris (NASDAQ: OSIR) with respect to possible violations of federal securities laws.

The investigation concerns whether the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, on November 16, 2015, Osiris filed its 10-Q Quarterly Report, disclosing multiple restatements in prior financial results, including three restatements made related to distributor relationships. As a result of these adjustments, Osiris missed revenue targets in three of the last four quarters. Following this news, shares of Osiris were down 19.56% on intraday trading on November 17, 2015.

The investigation will focus on the Company’s announcement that it has determined to correct the revenue recognition for three contracts which will result in a decrease in product revenues of $1.8 million in the first quarter of 2015, a decrease in product revenue of $1.0 million in the second quarter, an increase in product revenues of $0.8 million in the third quarter of 2015 and a decrease in product revenues of $1.1 million in 2014.

If you purchased Osiris securities prior to November 17, 2015, and have information to assist in our investigation, or have any questions or concerns regarding this notice or preservation of your rights, please contact our office. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.

Contacts

Federman & Sherwood
Robin Hester, 405-235-1560
rkh@federmanlaw.com

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