Kendall Law Group, a national securities law firm, is investigating Innospec Inc. (NasdaqGS: IOSP) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection with the recent guilty plea made by the company. On March 18, 2010, Innospec pled guilty to bribing Iraq and Indonesian officials and violating the United States trade embargo against Cuba. As a result of its actions, Innospec agreed to pay a $40.2 million fine to the governments of both the United States and the United Kingdom. Concerned Innospec shareholders should contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
Innospec stated in its most recent annual report that “the subjects into which the SEC and DOJ have inquired include areas that concern certain former and current executives of the Company, including our former CEO, who resigned on March 20, 2009." Cheryl Scarboro, who heads the SEC's Foreign Corrupt Practices Act Unit, said Innospec had a “long-standing practice” of bribing foreign government officials and that company management “authorized and condoned the misconduct.”
Kendall Law Group, a securities firm led by a former federal judge and U.S. Attorney, has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm gives shareholders power when companies break the law. If you are an Innospec shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights and protect your investment. Contact the firm at: