Company has become aware of a decision by the California Court of Appeals that upheld the first-instance judgement unfavorable to Avon Products in the Chapman case, related to allegations of asbestos contamination in talc products, Natura Cosmeticos says in filing.
- Updated value of the judgement would be approximately $68.8 million
- Company opted to enter into an agreement to definitively settle the case, through a payment of $67 million, “although this decision has not been officially published”
- Financial impacts of this disbursement, which will occur on March 6, will be largely offset by the receipt of $22 million related to the ...
- Financial impacts of this disbursement, which will occur on March 6, will be largely offset by the receipt of $22 million related to the ...
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