(Reuters) - The company, which makes chemical and biological decontamination systems, said the latest first quarter was hurt by various factors, including lower sales in its shelter and related product business, and higher costs related to internal investigations.
In a statement, TVI said the audit panel alleged that its former chief executive, Richard Priddy, and former executive vice president, Charles Sample, were part of a series of questionable business deals which caused TVI to overpay amounts of up to about $1.7 million between 2003 and early 2005.
Read more at Reuters.com Market News
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