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ADVISORY EXCELLENCE

Law Offices of Howard G. Smith Announces Securities Class Action

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP) securities between August 2, 2016 and August 2, 2017, inclusive (the “Class Period”). Avon investors have until April 15, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Avon investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On August 3, 2017, Avon issued a press release announcing its second quarter 2017 financial results and held a conference call to discuss the results. The Company reported a net loss of $0.12 per share and a 3% decline in active representatives. Avon also reported that Brazil revenue was “down 2% in constant dollars, primarily driven by a decrease in Active Representatives.” On the call, Avon’s Chief Financial Officer acknowledged that, despite Avon’s earlier representations, the remedial actions in Brazil (i.e., stricter credit terms applied to recruiting new representatives) were negatively impacting active representatives and revenue in Brazil. On this news, shares of Avon fell $0.36, or 10.71%, to close at $3.00 per share on August 3, 2017, thereby injuring investors.

The Complaint filed in this class action alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) Avon was engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market; (2) its specific credit terms in Brazil; (3) Avon failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil; and (4) as a result of these concealments, Avon stock was trading at artificially inflated prices throughout the class period.

If you purchased shares of Avon, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com/

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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FTI Consulting’s Jason Frankl named to NACD Directorship 100 List

FTI Consulting, Inc. FCN, +1.28% today announced that Jason Frankl, a Senior Managing Director in the firm’s Forensic & Litigation Consulting segment, has been named to the 2018 National Association of Corporate Directors (NACD) Directorship 100 List, which highlights the most influential leaders in corporate governance.

“I congratulate Jay on being recognised by the NACD, which for the last four decades has honoured outstanding individuals who significantly impact boardroom practices and performance,” said Paul Ficca, Global Leader of the Forensic & Litigation Consulting segment at FTI Consulting. “Being named to the NACD Directorship 100 demonstrates Jay’s unwavering commitment to upholding the highest level of integrity and excellence in advancing boardroom performance.”

Mr. Frankl leads FTI Consulting’s Activism and M&A Solutions practice, working with companies and investors to develop and implement strategies to maximize shareholder value. He also advises management teams and boards of directors on how to proactively develop and implement defence strategies. Mr. Frankl is a nationally recognized expert in Nasdaq and NYSE compliance matters, corporate governance and securities trading. He is actively involved with the Washington Lawyers’ Committee for Civil Rights and Urban Affairs and serves as Chairman of the WLC’s Corporate Advisory Board. He also recently served as a member of the Board of Trustees of the Radcliffe Creek School in Chestertown, Md.

“It is an honour to be named to this year’s NACD Directorship 100 list with so many highly regarded corporate directors, corporate governance experts, policymakers and influencers,” Mr. Frankl said. “Boards face increasing demands from multiple stakeholders, and this recognition is a reflection of our team’s dedication to helping directors address their most complex challenges globally.”

The NACD will honour this year’s winners during the 12th annual NACD Directorship 100 gala at Cipriani 42nd Street in New York on November 28. Honourees will also be featured in the November/December issue of NACD Directorship magazine.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $1.81 billion in revenues during fiscal year 2017.