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In re Avon Products Inc. Securities Litigation
Case Number:
1:19-cv-01420
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 21, 2020
Avon Inks $14.5M Deal In Stock-Drop Suit Over Recruiting
Avon Products Inc. has agreed to pay $14.5 million to end claims from a proposed class of investors that the beauty company loosened its recruiting standards in its critical market in Brazil, eventually causing the company's stock price to crater, according to a Friday bid for preliminary approval of the deal.
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February 18, 2020
Levi & Korsinsky, Labaton Seek To Rep Avon Investors
Attorneys from Levi & Korsinsky LLP and Labaton Sucharow LLP on Friday sought to represent a proposed investor class in a consolidated securities action accusing beauty company Avon Products Inc. of loosening its recruiting standards in its critical market in Brazil, eventually causing the company's stock price to crater.
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July 29, 2019
Avon Calling Foul At Suit Over 'Unsophisticated' Sales Reps
Avon investors can't prove that the cosmetics company conspired to defraud them by hiring thousands of indebted Brazilian sales representatives, resulting in a $35 million bad debt charge, Avon told a New York federal court Friday.