CORRECTING and REPLACING The Shuman Law Firm Announces Class Action Lawsuit Against Avon Products, Inc.
August 10 2011 - 2:26PM
Business Wire
Third graph, fourth sentence of release dated Aug. 8, 2011
should read: According to reports, the Company has spent more than
one hundred fifty million dollars on the ongoing investigation.
(sted According to reports, the Company has spent more than one
billion dollars on the ongoing investigation.).
The corrected release reads:
THE SHUMAN LAW FIRM ANNOUNCES CLASS ACTION LAWSUIT AGAINST
AVON PRODUCTS, INC.
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
kip@shumanlawfirm.com or email Mr. Glenn at
rusty@shumanlawfirm.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 hundred fifty million 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.
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