Avon Products Inc.'s illegal efforts to extend its reach into the Chinese market have drawn the attention of at least one ERISA plaintiffs' attorney.
The question being raised by the New York law firm Zamansky LCC is whether the cosmetics maker with door-to-door saleswomen breached its fiduciary duties under ERISA by continuing to offer company stock to employees through its retirement plan, even after the company was being investigated by the Department of Justice and the Securities and Exchange Commission for violation of the Foreign Corrupt Practices Act.
In a news release, Zamansky did not say whether it was representing anyone who might have been harmed, though it did include an invitation to existing and former Avon employees to contact it "for an evaluation of your rights."
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