Law Office of Brodsky & Smith, LLC Announces Investigation of Avon Products, Inc.
15 July 2011 - 6:12AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating Avon Products, Inc (“Avon” or the “Company”) (NYSE:
AVP). According to an article in the Wall Street Journal, since
2004 Avon may have made millions of dollars in improper payments to
government officials of foreign counties in violation of the
Foreign Corrupt Practices Act (“FCPA”). After this news was
released, Avon share price dropped approximately 5.3%.
Thereafter, a class action lawsuit was commenced in the United
States District Court for the Southern District of New York on
behalf of purchasers of common stock of Avon during the period
between July 31, 2006 and May 24, 2011, inclusive (the “Class
Period”). The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the Company’s failure
to disclose during the Class Period that the Company engaged in the
illegal practice of paying bribes in violation of the FCPA.
If you are a current holder of Avon stock or suffered a loss
during the Class Period and wish to discuss the investigation, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/314-avp-avon-products-inc.html, or by
calling toll free 877-LEGAL-90.
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