[CNDSN8] (21 days) (direct sales 100) Avon Co to seek approval of $62000000 in the u.s.. The lawsuit accused the Avon Co to deceive shareholders, the company did not prevent the company to stop the development of business and to bribe Chinese officials.

The settlement agreement was filed Tuesday in Manhattan, the United States, but this requires the formal approval of the judge.

Charles, former chief executive officer Jung Andrea and former chief financial officer Cramb, tried to mislead shareholders from 2006 to 2011, proving that the company has the ability to comply with the federal "anti overseas corruption act", which prohibits Usa Inc from bribe foreign officials.

From two major German investment fund companies led by the shareholders of the company said: AVON believes in corporate culture is actively opposed to effectively supervise, the company also conceal it involves corruption, such as through the "please eat and Cara OK" and other activities to promote sales.

Avon Co said the insurance company will pay a $60000000 settlement agreement, while AVON will pay the remaining $2000000. Avon Co denied that it was inappropriate behavior.

In December 17th last year, AVON agreed to pay a fine of $135000000, while accepting an extension of the prosecution agreement as an end to U.S. official investigation of its China Company. Avon accused of bribing officials as a gift to use Chinese Gucci bag and Tiffany pen name.

AVON shareholders filed a securities fraud lawsuit between October 26, 2011 and July 31, 2006, and the LBBW asset management fund companies and SGSS fund companies two German companies led.

The court documents show that the law firms, including Rice Motley, require a fee of 30% of the agreement.

Jung Andrea served as chief executive officer of AVON for 12 years, until December 2011, the company announced plans to invite others to replace. 3

(original title: AVON to seek the United States to approve the $62000000 "China bribery door" reconciliation agreement)

Editor: small Shen