Class Action Update Avon Products, Inc. (AVP) and Molson Coors Brewing Company (TAP) Bronstein, Gewirtz & Grossman, LLC
NEW YORK, NY / ACCESSWIRE / Feberuary 21, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Avon Products, Inc. (AVP)
Class Period: August 2, 2016 - August 2, 2017
Deadline: April 15, 2019
For more info: www.bgandg.com/avp
The Complaint 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.
Molson Coors Brewing Company (TAP)
Class Period: February 14, 2017 - February 11, 2019
Deadline: April 16, 2019
For more info: www.bgandg.com/tap
The Complaint alleges that Defendants made materially false and misleading statementsand/or failed to disclose that: (1) Molson Coors failed to properly reconcile the outside basis deferred income tax liability for Molson Coors'; investment in its MillerCoors, LLC partnership; (2) consequently, Molson Coors misreported net income in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an overall downward revision to net income; (3) Molson Coors lacked adequate internal controls over financial reporting; and (4) as a result, defendants'; statements about Molson Coors'; business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/535975/Class-Action-Update-Avon-Products-Inc-AVP-and-Molson-Coors-Brewing-Company-TAP-Bronstein-Gewirtz-Grossman-LLC
