The Shareholders Foundation announces that an investigation on behalf of former employees of Avon Products, Inc. (NYSE:AVP), who is a current or former participant in the Avon Products Employee Stock Ownership Plan, concerning potential Breaches of Fiduciary Duty was launched.
Former employees of Avon Products, Inc. (NYSE:AVP), who are current or former participants in the Avon Products Employee Stock Ownership Plan, have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the investigation by a law firm under ERISA employees of Avon Products, Inc. (NYSE:AVP, who is a current or former participant in the Avon Products Employee Stock Ownership Plan, may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them.
Avon Products, Inc. reported that its annual Total Revenue declined from over $11.09 billion in 2011 to over $8.85 billion in 2014 and that its Net Income of $671.40 million in 2011 decreased to a Net Loss of $388.60 million in 2014.Shares of Avon Products, Inc. (NYSE:AVP) declined from $34.86 per share in October 2010 to as low as $7.26 per share on March 16, 2015.
Those who are former employees of Avon Products, Inc. (NYSE:AVP, who are current or former participants in the Avon Products Corporation Employee Stock Ownership Plan, have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com