Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
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.… Continue Reading
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.… Continue Reading
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.… Continue Reading
Beauty products company Avon said Thursday it has “reached an understanding” with the DOJ and SEC for settlement of FCPA offenses.
The company said the resolution will include payment of $135 million for “alleged violations of the books and records and internal control provisions of the FCPA.”… Continue Reading
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.… Continue Reading
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.… Continue Reading
Photo courtesy of Avon ProductsOn its list of the worst CEOs of 2012, Bloomberg Businessweek included Avon’s Andrea Jung. Thanks in part to the FCPA.
Jung, left, ranked as the third worst CEO (behind Best Buy’s Brian Dunn and Chesapeake Energy’s Aubrey McClendon).… Continue Reading
Avon’s Andrea Jung will step down as executive chairman at the end of the year. Photo courtesy of Avon Products Inc.Avon Products Inc. said Friday that long-time executive chairman Andrea Jung will leave her post at the end of December.… Continue Reading
