ATLANTA, March 10, 2010 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating potential violations of state law by Innospec, Inc. ("Innospec" or the "Company") (Nasdaq:IOSP). On February 25, 2010, Innospec's British subsidiary, Innospec Limited, was charged with bribery and corruption by the Serious Fraud Office of the United Kingdom for allegedly providing unlawful payments to the Indonesian government in exchange for contracts for the Company's anti-knock fuel additive. Innospec also recently received notice from the U.S. Securities Exchange Commission that it was under investigation for potentially unlawful involvement with the United Nations Oil for Food Program in Iraq.
The investigation focuses on, among other things, whether Innospec's board of directors complied with their fiduciary duties in light of the allegations against the Company. If you are a long-term shareholder of Innospec and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, ormdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.