Press release from Business Wire
Law Office of Brodsky & Smith, LLC Announces Investigation of Avon Products, Inc.
Thursday, July 14, 2011
Law Office of Brodsky & Smith, LLC Announces Investigation of Avon Products, Inc.16:12 EDT Thursday, July 14, 2011 BALA CYNWYD, Pa. (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 firstname.lastname@example.org, visiting http://brodsky-smith.com/314-avp-avon-products-inc.html, or by calling toll free 877-LEGAL-90. Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith, Esquire877-LEGALemail@example.com://brodsky-smith.com/314-avp-avon-products-inc.html