Energy News / Shareholders Foundation, Inc.

Avon Products, Inc. (NYSE:AVP) Former Employee Alert: Investigation over Potential Wrongdoing

Via: ReleaseWire

Updated 7:15 AM CDT, Wed, March 11,2015

An investigation on behalf of former employees of Avon Products, Inc. (NYSE:AVP), who are current or former participants in the Avon Products Employee Stock Ownership Plan, concerning potential breaches of fiduciary duties was announced and employees of Avon Products should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 03/11/2015 -- An investigation on behalf of former employees of Avon Products, Inc. (NYSE:AVP), who is a current or former participant in the Avon Products Employee Stock Ownership Plan, concerning potential Breaches of Fiduciary Duty was announced.

Former employees of Avon Products, Inc. (NYSE:AVP), who are current or former participants in the Avon Products Employee Stock Ownership Plan, have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the investigation by a law firm under ERISA employees of Avon Products, Inc. (NYSE:AVP, who is a current or former participant in the Avon Products Employee Stock Ownership Plan, may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them.

Avon Products, Inc. reported that its annual Total Revenue declined from over $11.09 billion in 2011 to over $8.85 billion in 2014 and that its Net Income of $671.40 million in 2011 decreased to a Net Loss of $388.60 million in 2014. Shares of Avon Products, Inc. (NYSE:AVP) declined from $34.86 per share in October 2010 to as low as $7.47 per share in January 2015.

On March 9, 2015, NYSE:AVP shares closed at $9.00 per share.

Those who are former employees of Avon Products, Inc. (NYSE:AVP, who are current or former participants in the Avon Products Corporation Employee Stock Ownership Plan, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/avon-products-inc-nyseavp-former-employee-alert-investigation-over-potential-wrongdoing-585594.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com