Avon Products Inc., the global cosmetics brand made famous by its door-to-door sales force, is facing the prospect of a class-action "stock-drop" lawsuit by participants in its retirement plans.
The plaintiffs allege Avon should have frozen its purchase of company stock for the retirement plans as it was being investigated for foreign corruption practices.
In December, Avon agreed to pay $67 million to settle a civil probe by the SEC and another $68 million to settle criminal claims brought by the Justice Department.
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