| Company: | AVON |
| Ticker Symbol: | AVP |
| Class Period: | Jul-31-06 to May-24-11 |
| Date Filed: | Jul-7-11 |
| Lead Plaintiff Deadline: | Sep-5-11 |
| Court: | Southern District of New York |
| Allegations: | |
The lawsuit was brought on behalf of shareholders who either (1) held Avon stock at the close of business of March 17, 2011, March 17, 2010, March 18, 2009, March 14, 2008 or March 15, 2007 and were therefore eligible to vote proxies or (2) purchased or otherwise acquired Avon's common stock from July 31, 2006 through and including May 24, 2011 (the "Class Period").
The City of Brockton Retirement System (the "System") filed the complaint July 6, 2011 against Avon and certain of the Company's officers and directors in the United States District Court for the Southern District of New York (the "Court"). The case is filed as civil action no. 11-cv-4665.
Pursuant to the Private Securities Litigation Reform Act of 1995, investors wishing to serve as lead plaintiff are required to file a motion for appointment with the Court no later than September 6, 2011.
The claims arise under Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and the rules and regulations promulgated thereunder by the Securities and Exchange Commission (the "SEC"), including Rules 10b-5 and 14a-9.
The complaint charges defendants with misleading investors as to the size and scope of potential violations of the Foreign Corrupt Practices Act. The action seeks to recover losses for investors and relief regarding voting on annual proxy statements which are alleged to have been misleading.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
