A Deadline is coming up on April 15, 2019 in the lawsuit for investors in Avon Products, Inc. (NYSE: AVP) and NYSE: AVP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/15/2019 -- A deadline is coming up on April 15, 2019 in the lawsuit filed for certain investors of Avon Products, Inc. (NYSE: AVP) over alleged securities laws violations by Avon Products, Inc.
Investors who purchased shares of Avon Products, Inc. (NYSE: AVP) have certain options and there are strict and short deadlines running. Deadline: April 15, 2019. NYSE: AVP stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of Avon Products, Inc. (NYSE: AVP) common shares between August 2, 2016 and August 2, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that in order to inflate its reported revenue and representative growth metric, 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. As a result of the concealment of defendants' scheme during the Class Period, the price of Avon stock was artificially inflated to as high as $6.89 per share.
Those who purchased shares of Avon Products, Inc. (NYSE: AVP) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.