Published: July 06, 2010
Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Avon Products, Inc. Who Purchased Stock Prior to October 2008 and Still Hold Shares
BENSALEM, Pa. - (BUSINESS WIRE) - Law Offices of Howard G. Smith announces that it is investigating
potential claims against Avon Products, Inc. ("Avon" or the "Company" )
(NYSE:AVP) concerning possible breaches of fiduciary duty or other
violations of law by the Company's board of directors. Avon manufactures
and markets beauty and related products including cosmetics, fragrances,
skin care and personal care products through direct selling and
independent representatives and distributorships.
The investigation concerns allegations of potential violations of the
Foreign Corrupt Practices Act (FCPA) by certain of the Company's
employees. In October 2008, Avon disclosed an internal investigation of
its China operations, focusing on compliance with the FCPA after the
Company received an allegation that "certain travel, entertainment and
other expenses may have been improperly incurred in connection with the
Company's China operations." On April 13, 2010, The Wall Street
Journal reported that Avon "suspended the president, chief financial
officer and top government affairs executive at its China unit," and a
fourth employee who was a senior executive in New York. Subsequently, on
April 30, 2010, in connection with the release of the Company's
first-quarter 2010 financial results, Avon disclosed that it had
incurred "significant professional fees associated with the company's
internal investigation."
If you purchased shares of Avon prior to October 2008 and still hold
shares, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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