Please complete this form relating to your transactions for Avon Products, Inc. (NYSE: AVP) shares between January 21, 2016 and November 1, 2017, both dates inclusive (the “Class Period”).
You may also contact James Maro, Esq. at (484) 270-1453; or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
On February 14, 2019, the initial complaint in this securities class action was filed against Avon Products, Inc. (“Avon”), and certain of Avon’s officers and directors, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
The Complaint alleges that in order to inflate its reported revenue and representative growth metric during the class period, Avon engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market. Avon did not disclose the changes to its credit terms in Brazil. Avon also failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil.
This is a federal securities class action on behalf of all persons and entities who purchased or otherwise acquired the publicly traded common stock of Avon during the period from January 21, 2016 to November 1, 2017, inclusive.
Current Status of Case:
The parties informed the Court on July 3, 2020, that they had reached a Settlement following mediation. On August 21, 2020, the parties entered into a Stipulation and Agreement of Settlement to settle the action in the amount of $14,500,000. The Court granted Preliminary Approval of the Settlement on August 31, 2020. The Court fully approved the Settlement on February 3, 2021. This action has concluded
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; or via e-mail at firstname.lastname@example.org. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.