The 2010 legal tab for the door-to-door beauty products company stood at $95 million.
The company spent a whopping $72 million in the first nine months of this year on a foreign bribery investigation and a related review of its compliance efforts. UPDATED 12:07 P.M.
The company hired Claudius Sokenu of Arnold & Porter LLP in New York to conduct an internal investigation into the alleged FCPA violations, after an internal whistleblower told company executives in June 2008 that company employees were bribing Chinese regulators to persuade them to ease restrictions on direct selling.
A complaint alleges breach of fiduciary duty by officers and directors of the cosmetics company. Avon said on Friday the expense of its internal Foreign Corrupt Practices Act investigation is substantial enough to impact results.
BEST FCPA LAWYERS PRACTICE GROUP OF THE YEAR. Main Justice held an awards luncheon in Washington, D.C., to honor top firms in the Foreign Corrupt Practices Act arena. This video shows announcement of the finalists and winner in the Practice Group of the Year category.
Mary Jacoby is the founder of Main Justice and Editor-in-Chief of Just Anti-Corruption.
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Dealing with complex issues of fraud, regulatory compliance and business disputes can detract from efforts to achi...
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- Anti-Corruption Portal of the Americas
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