The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Finkelstein Thompson LLP Announces Investigation of Avon Products, Inc.

Friday, July 08, 2011

Finkelstein Thompson LLP Announces Investigation of Avon Products, Inc.17:49 EDT Friday, July 08, 2011 WASHINGTON (Business Wire) -- Finkelstein Thompson LLP announces that it is investigating potential shareholder derivative claims on behalf of Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP). According to a May 4, 2011 article in the Wall Street Journal, Avon's internal investigation revealed that, since 2004, the Company may have made millions of dollars in improper payments to government officials of foreign countries, including Brazil, Mexico, Argentina, India and Japan. According to the report, these developments were the latest to come out of a probe that began in June 2008 looking into the Company's possible violations of the Foreign Corrupt Practices Act, which makes it illegal to bribe foreign officials. After this news was released, the Company's share price dropped 5.3% to close at $28.71 per share on May 5, 2011. If you are interested in discussing your rights as an Avon shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com. Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes. Finkelstein Thompson LLPRichard M. Volin, 202-337-8000