Levi & Korsinsky Notifies Investors With Losses on Their Investment in Avon Products, Inc. of Class Action Lawsuit and the Septe
July 15 2011 - 3:27PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of purchasers of Avon Products, Inc.
("Avon" or the "Company") (NYSE: AVP) who purchased between July
31, 2006 through May 24, 2011 (the "Class Period").
For more information, click here:
http://zlk.9nl.com/avon-products/.
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 a billion on the ongoing
investigation.
If you are a member of the class and suffered a loss in Avon
stock, you have until September 6, 2011 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery is not affected by the decision whether or not to serve as
a lead plaintiff. To obtain additional information about your
rights, contact Eduard Korsinsky, Esq. either via email at
ek@zlk.com or by telephone at (877) 363-5972, or visit
http://www.zlk.com/avon-products-avp.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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