Why is Avon being sued?

Avon Products has been on the rise before this unsolicited offer.

the financials for Q4 in this company seem normal for me except that there is an In-tangbile/Goodwill charge which killed most of its net income....

http://investor.avoncompany.com/phoenix.zhtml?c=90...

"2) goodwill and indefinite-lived intangible impairment charge related to Silpada ("Impairment charge"),"

I believe this was an acquisition done back in 2010 but to me intangibles and good will are non monetary so in actuality the Gross revenues are in line with previous quarters.

I don't really know fundamentally how to evaluate this but it does not seem important to me.

http://stockcharts.com/def/servlet/SC.pnf?chart=AV...

this P&F chart is interesting to me....the recent gap of the share price raised it to a resistance point.

It was brought here artificially by the unsolicited bid. I ran into such a situation when a private company tried to steal a very rich iron ore mine on Baffin Island ... it was about $0.50/share at the time and the private company offered $0.70 or so....but the shareholders reacted by bidding up the price into $0.90...a competing bid came in at $1.10...eventually it was sold for about $1.20.

So I guess what I am saying is that if the offered price is not perceived as reflecting the value of the company then shareholders can pump up the price beyond the private offering...if nothing more than to hope for a sweeter offering. The offer is non-binding so investors can do what they want. Personally I do not understand the 3 law suits ...if investors want the offer at $23.25...COTY will buy them with or without management approval.

Rising above $23.50 will give chance to the stock reaching for $24.75 which is the next resistance...then the COTY offering will either get sweeter or disappear.

http://stockcharts.com/h-sc/ui?s=AVP&p=D&yr=0&mn=6...

this chart does not suggest a slowdown in future price rises...it has moved sideways ALMOST into the BB envelope and perhaps will move even more laterally or have a positive drift.

YOUR HOPE FOR A FALL IN PRICE BELOW $23.00 belongs in the "faint hope" category. although it might spike down to $23.00 for a brief period as it has still closed above the upper BB slightly

http://stockcharts.com/h-sc/ui?s=AVP&p=D&yr=0&mn=6...

nothing bearish in this chart to date.

no...I see this at worst oscillating the share price slightly above/below $23.25...it won't fall below by much as other investors and COTY can just snap up the shares. That should satisfy the share holders who want to sell at that price...At best, the share price will rise above $23.50 and head for the next resistance $24.75 and leave COTY to perhaps sweeten the deal or give up the attempt of takeover.

First off, who the heck is Jeffrey Feinman and why do we care what he does? I have never heard of this guy and a Google search turns up lots of Jeffrey Feinmans but none that I can find that look like large institutional investors or hedge fund managers. Anybody can file a lawsuit and there are always lawsuits filed whenever there are takeover bids. Most of them are just nut job lawsuts that never go anywhere. As you point out - since AVP has gone above the takeover price there is really significant evidence that the Board rejecting the takeover bid was the proper thing to do.

Anyway, I think there is very little chance that AVP drops below the takeover price by April 20th. The takeover attempt will still be alive by then (Coty says no chance it will go hostile though) and the rise in the stock price is at least partially from the notion that AVP is now "in play".

for allegedly deceiving American consumers with false and misleading representations relating to animal testing of their products.