Zamansky LLC Investigates Avon Products Inc. Over Its Employee Personal Savings Account Plan For Possible ERISA Violations

NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces that it has commenced an investigation of Avon Product Inc.’s (NYSE:AVP) employee personal savings account plan (the “Plan”) for potential violations of the federal Employee Retirement Income Security Act (“ERISA”). ERISA imposes fiduciary duties to prudently manage and invest plan assets. These duties were allegedly violated by Avon Products’ continued offering of its company stock during a pending federal investigation for violations of the Foreign Corrupt Practices Act (“FCPA”).