Brief: Team Inc Says Team Industrial Services, Is Defendant In Lawsuit Styled Filed On Nov 13, 2018 In Fort Bend County, Texas

Team

22/06/2021 11:15

June 22 (Reuters) - Team Inc  TISI.N :
    * TEAM INC - TEAM INDUSTRIAL SERVICES, IS DEFENDANT IN
LAWSUIT
STYLED FILED ON NOV 13, 2018 IN FORT BEND COUNTY, TEXAS
    * TEAM INC - JURY RENDERED VERDICT AGAINST TEAM INDUSTRIAL
SERVICES FOR $222 MILLION IN COMPENSATORY DAMAGES ON JUNE 1,
2021
    * TEAM INC - TEAM INDUSTRIAL SERVICES PLANS TO PURSUE ITS
POST-TRIAL REMEDIES TO HAVE VERDICT SET ASIDE
    * TEAM INC - TEAM INDUSTRIAL SERVICES DOES NOT EXPECT FINAL
OUTCOME OF LAWSUIT TO HAVE MATERIALLY ADVERSE EFFECT ON
CONSOLIDATED FINANCIAL STATEMENTS


Further company coverage:  TISI.N 

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