Avon Plaintiffs Fight Application of Tellabs

Law360, New York (July 24, 2007, 12:00 AM EDT) -- Shareholder derivative plaintiffs suing Avon Products Inc. argued Monday against the cosmetics giant's effort to dismiss the case.

Avon had filed a notice of supplemental authority citing the U.S. Supreme Court's Tellabs Inc. v. Makor Issues & Rights Ltd decision on June 25, mere days after the High Court handed down its 8-1 opinion. Several other high-profile securities defendants have cited Tellabs to buttress a motion to dismiss over the past month.

Robert L. Garber said in a brief on behalf of his fellow derivative plaintiff...
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