Levi n Korsinsky is investigating Team, Inc. (NASDAQ:TISI) for possible breaches of fiduciary duty and other violations of the law by certain officers and directors.
New York, NY, USA, August 13, 2010 (PRESSbooth.ORG) -- The investigation concerns the Company’s recent revelation about potential violations of the U.S. Foreign Corrupt Practices Act (“FCPA”). The FCPA prohibits companies from making improper payments to foreign officials for the purpose of obtaining or keeping business. Team recently disclosed that the FCPA may have been violated due to "improper payments" made by employees at its Trinidad branch operation to certain of Team's customers, including to "foreign government owned enterprises." Team’s Audit Committee "found evidence of improper payments" originating from the Trinidad branch over the past five years, and it has recently expanded its internal investigation of the matter into a review of the Company's operations in other foreign countries.
If you are a shareholder of Team and would like more information about your rights as a shareholder, please contact Ed Korsinsky either via email at ek @ zlk.com or by telephone at 877-363-5972, or visit
http://www.zlk.com/tisi-class-action.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine @ zlk.com
http://www.zlk.com
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