Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Team, Inc. (NASDAQ: TISI) for shareholders. The firm’s investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives due to potential violations of the Foreign Corrupt Practices Act (FCPA). Concerned Team, Inc. shareholders should contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

In its annual report filed with the Securities and Exchange Commission on August 6, 2010, Team, Inc. disclosed that it had spent $3.2 million on internal investigation into potential violations of the FCPA. In the filing, the company stated that “we were informed of allegations of improper payments made by local employees of our wholly-owned Trinidad subsidiary to employees of certain customers, including foreign government owned enterprises.” The company went on to say that “monetary penalties could be assessed” against them and that the “nature, timing and amount of any monetary penalties depends on a number of factors which cannot reasonably be estimated at this time.”

Kendall Law Group, founded by former federal judge Joe Kendall, has the credentials and experience to pursue any type of complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are a Team, Inc. shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.

Copyright Business Wire 2010