Press release from Business Wire
Kendall Law Group Investigates Avon Products Inc. For Shareholders
Wednesday, July 07, 2010
Kendall Law Group Investigates Avon Products Inc. For Shareholders18:01 EDT Wednesday, July 07, 2010 DALLAS (Business Wire) -- Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Avon Products Inc. (NYSE: AVP) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection with ongoing investigations into potential violations of the Foreign Corrupt Practices Act (FCPA). Concerned Avon shareholders should contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org. On April 12, 2010, Avon placed three of their China unit executives and a New York senior executive on administrative leave in connection to an internal probe into possible violations of the FCPA. The New York executive had been the chief of Avon's internal audit unit. The probe began in 2008 in China and has spread to other undisclosed countries according to Avon. Avon's overseas market accounts for approximately 80% of its revenue including emerging markets in Latin America and the company said that the “cost of investigation could reach $95 million this year, from $35 million in 2009.” Kendall Law Group was founded by a former federal judge and U.S. Attorney and has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are an Avon shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.