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James Tillen Quoted in Reuters Regarding Avon FCPA Investigation

Subtitle
"Avon Suspends Four Execs in China Bribery Probe"

Reuters

James Tillen comments on Avon’s suspension of four executives pending an internal investigation into allegations of FCPA violations in China. The company has cooperated with the U.S. Department of Justice and the U.S. Securities and Exchange Commission since the probe began, but whether the company resolves the matter with the U.S. agencies or not, "it will be expensive, not only in relation to the fines, but the cost of the investigation," says Tillen.