Press release from Business Wire
The Shuman Law Announces Class Action Lawsuit Against Avon Products, Inc.
Monday, August 08, 2011
The Shuman Law Announces Class Action Lawsuit Against Avon Products, Inc.11:31 EDT Monday, August 08, 2011 BOULDER, Colo. (Business Wire) -- The Shuman Law Firm today announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Avon Products, Inc. ("Avon" or the "Company") (NYSE:AVP) between July 31, 2006 through May 24, 2011, inclusive (the "Class Period"). If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll-free at (866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn at email@example.com. The complaint alleges that during the Class Period, defendants misled investors as to the breadth of potential violations of the Foreign Corrupt Practices Act (FCPA) allegedly perpetrated by the Company. A May 4, 2011 article in the Wall Street Journal reported that an internal investigation discovered that the Company may have made improper payments to officials in multiple countries. In 2010 four executives were suspended after their involvement in instances of improper expenses was discovered. According to reports, the Company has spent more than one billion dollars on the ongoing investigation. If you purchased Avon common stock during the Class Period, you may request that the Court appoint you as lead plaintiff of the class no later than September 6, 2011. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions. The Shuman Law FirmKip B. Shuman, Esq., firstname.lastname@example.orgRusty E. Glenn, Esq., email@example.comFax: 303-484-4886www.shumanlawfirm.com