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DOJ gets ready to unload a big fine.
October 31, 2013
By: TOM BRANNA
Editor
It was all tricks and no treats for Avon on this Halloween. Company share prices plunged down 22% (the worst decline in 14 years), after the direct seller of beauty products said the Securities and Exchange Commission and the U.S. Department of Justice may propose much bigger than expected settlement terms over investigation into its alleged bribery practice in China and other countries. The federal agencies in June rejected Avon's proposed $12 million settlement offer. Avon said it was c...
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