Finkelstein Thompson LLP Announces Investigation of Avon Products, Inc.

WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP announces that it is investigating potential shareholder derivative claims on behalf of Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP). According to a May 4, 2011 article in the Wall Street Journal, Avon’s internal investigation revealed that, since 2004, the Company may have made millions of dollars in improper payments to government officials of foreign countries, including Brazil, Mexico, Argentina, India and Japan. According to the report, these developments were the latest to come out of a probe that began in June 2008 looking into the Company’s possible violations of the Foreign Corrupt Practices Act, which makes it illegal to bribe foreign officials. After this news was released, the Company’s share price dropped 5.3% to close at $28.71 per share on May 5, 2011.