This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Goldfarb Branham Law Firm Investigates Potential Claims For Innospec Shareholders

The national securities law firm of Goldfarb Branham is investigating Innospec (NASDAQ: IOSP) for investors in connection with Innospec’s $40.2 million fine for bribery and other violations of law. Concerned stockholders are urged to contact attorney Hamilton Lindley at 877-583-2855 or by email at hlindley@goldfarbbranham.com for more details.

In a recent filing with the SEC, Innospec disclosed legal costs related to its guilty plea to be more than $35 million. The company also “accrued $3.9 million in the first quarter of 2010” for compliance monitors in connection with its violations of the Foreign Corrupt Practices Act (“FCPA”). Earlier this year, Innospec pled guilty to bribing Iraqi and Indonesian officials, violating the FCPA and agreed to pay a $40.2 million fine to the governments of both the United States and the United Kingdom. Cheryl Scarboro, who heads the SEC’s FCPA Unit, said Innospec had a “long-standing practice” of bribing foreign government officials and that company management “authorized and condoned the misconduct.”

Goldfarb Branham is investigating a derivative lawsuit against company executives for allowing this bribery scheme to occur. Derivative lawsuits often lead to restored confidence in companies involved in scandals and increased shareholder value. Contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com for more details if you are a shareholder of Innospec. Lawyers at Goldfarb Branham have significant experience litigating derivative cases and other shareholder lawsuits nationwide.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
IOSP $44.82 -0.66%
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs