Kendall Law Group Investigates Avon Products Inc. For Shareholders
July 07 2010 - 6:01PM
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
skendall@kendalllawgroup.com.
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.
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