Avon Says FCPA Settlement Could Reach $132M

Law360, New York (February 13, 2014, 11:55 AM EST) -- Avon Products Inc. could pay up to $132 million to settle Foreign Corrupt Practices Act investigations by U.S. civil and criminal authorities, the beauty products company said Thursday.

Avon, which offered to pay $12 million to settle the probes in June only to see its proposal rejected, revealed its latest estimate in an SEC filing. The U.S. Department of Justice and U.S. Securities and Exchange Commission have been investigating whether Avon employees provided improper travel, entertainment and gifts to government officials in China and other foreign...
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