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A $62 million payout over bribery.
August 18, 2015
By: TOM BRANNA
Editor
Things keep going from bad to worse. Avon Products Inc. is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business. The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge's approval. The settlement resolves claims that Avon, former Chief Executive Andrea Jung and fo...
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