Avon Negotiating With Feds To Settle FCPA Probe

Law360, New York (August 1, 2012, 11:44 AM EDT) -- Scandal-plagued Avon Products Inc. is in settlement talks with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to resolve allegations it bribed foreign officials in violation of the Foreign Corrupt Practices Act, the company revealed Wednesday.

The cosmetics giant said in an SEC filing that it was working to resolve the agencies’ long-running FCPA probe of its operations in China and other foreign countries. The company is cooperating with the agencies by signing tolling agreements, translating and producing foreign documents, and assisting...
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