Here is a helpful little script that will try to uncompress all file geodatabases in a single folder. It should be noted that if a file geodatabase is already uncompressed, it will just be ignored.
import arcpy
from arcpy import env
if __name__ == '__main__':
try:
workspace = arcpy.GetParameterAsText(0)
env.workspace = workspace
fgdbs = arcpy.ListWorkspaces("*","FileGDB")
for fgdb in fgdbs:
arcpy.UncompressFileGeodatabaseData_management(fgdb)
env.workspace = None
arcpy.SetParameterAsText(1,True)
except:
arcpy.AddError(str(arcpy.GetMessages(2)))
arcpy.SetParameterAsText(1,False)
So what I have done is list all file geodatabases in a given workspace (folder), then I just use the standard UncompressFileGeodatabaseData_management(). When I'm done processing, I set my environmental workspace variable to None just to clean up some loose ends. I could delete the object like fgdbs, but since they are self contained within the function, those variables should not persist beyond the life of the function.
Enjoy