An investigation on behalf of investors in Avon Products, Inc. (NYSE:AVP) over potential violations of Federal securities laws by Avon Products, Inc. and others in connection with the recent suspension of executives was announced.

On Monday, April 12, 2010, Avon Products announced that four executives have been suspended in connection with an alleged bribery that began with the company's China operation as early as 2008. Avon Products, Inc., located in New York, is a global manufacturer and marketer of beauty and related products. Avon Products, Inc. reported in 2007 Total Revenue of $9.9387billion with a Net Income of $530.70million, in 2008 Total Revenue of $10.6901billion with a Net Income of $875.30million, and in 2009 Total Revenue of $10.3828billion with a Net Income of $625.80million. In October 2008 Avon disclosed that it was looking into whether certain travel, entertainment and other expenses in China might have 'been improperly incurred.' When Avon disclosed on October 20, 2008, its internal investigation of its China operations, focusing on compliance with the Foreign Corrupt Practices Act, Avon Products shares declined already from over $38 per share in the beginning of October 2008 to $24.42 per share on October 20.

An investigation by a law firm on behalf of AVP investors concerns whether Avon Products may have been involved in bribery schemes in as many as a dozen other countries. According the Wall Street Journal a person familiar with the matter said that the scope of the investigation has since widened and the scale of the alleged bribery has grown as well. Avon Products suspended last week the president, chief financial officer and top government affairs executive at its China unit and placed on Monday a New York senior executive, who was Avon's head of internal audit until the middle of last year, on administrative leave. The Wall Street Journal reported that the possible wrongdoing under investigation includes the alleged purchase of trips to France, New York, Canada and Hawaii for Chinese government officials with ties to Avon's business. Avon stock to drop on Monday from $34.76 to $31.99 per share.