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FCPA Blog Daily News

Entries in Andrea Jung (8)


Avon, plaintiffs ask court to approve $62 million civil settlement

Image courtesy of AvonAvon Products and lawyers representing investors asked a federal judge in New York Tuesday to approve a $62 million settlement in a securities fraud lawsuit that alleged the company and two former officers failed to disclose problems with company's FCPA compliance in China.

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Avon pays $135 million for China FCPA resolution

A China subsidiary of Avon Products Inc. pleaded guilty Wednesday in federal court in Manhattan to one count of conspiring to violate the Foreign Corrupt Practices Act. It will pay a $67.7 million criminal fine and the Avon parent will enter into a three-year deferred prosecution and appoint a compliance monitor.

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Avon wins dismissal of shareholder suit based on alleged China bribes

A federal court Monday dismissed a securities fraud lawsuit against Avon Products that alleged the company concealed that it didn't stop bribery in China because doing that would have hurt its business there.

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Avon ‘reaches understanding’ to pay $135 million for FCPA settlement

Beauty products company Avon said Thursday it has "reached an understanding" with the DOJ and SEC for settlement of FCPA offenses.

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Avon: SEC wants ‘significantly greater’ FCPA penalty

Avon Products Inc. said in an SEC filing Thursday that the Securities and Exchange Commission offered an FCPA settlement last month with monetary penalties that were ‘significantly greater’ than the $12 million the company had offered.

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Feds reject Avon settlement offer

Avon Products Inc. said in a quarterly filing Thursday that the DOJ and SEC rejected an offer in June to settle an ongoing FCPA investigation for $12 million and have not yet made any counter offers.

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FCPA helps Avon's Jung make worst CEO list

On its list of the worst CEOs of 2012, Bloomberg Businessweek included Avon's Andrea Jung. Thanks in part to the FCPA.

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Avon Leader Departing Amid Bribery Probe 

Avon Products Inc. said Friday that long-time executive chairman Andrea Jung will leave her post at the end of December.

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