×
53
Fashion Jobs
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
RITUALS
Sales Advisor - Brown Thomas Limerick (7.5 Hours)
Permanent · Limerick
SHISEIDO
Nars Counter Manager - bt2 Blanchardstown (37.5 Hours)
Permanent · Dublin
RITUALS
Sales Advisor - Liffey Valley (24 Hours)
Permanent · Lucan
RITUALS
Assistant Counter Manager - Arnotts Dublin
Permanent · Dublin 1
TAPESTRY
Sales Associate Iii - ce ir Kildare (11-19 Hours)
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (37.5 Hours)
Permanent · Dublin
SHISEIDO
Nars Assistant Manager - Brown Thomas Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 22.5 Hours)
Fixed-term · Galway
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (30 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
LULULEMON
Store Manager | Dublin Grafton Street
Permanent · Dublin
LULULEMON
Store Manager | Dublin Brown Thomas
Permanent · Dublin
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (15 Hours)
Permanent · Limerick
TK MAXX
10014-Associate
Permanent · Dublin
LEVI'S
p/t Sales Associate With Mid w Availability
Permanent · Dublin
LEVI'S
Keyholder 20+ pw
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Galway
TK MAXX
10014-Associate
Permanent · Mullingar
LULULEMON
Educator Part Time | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Full Time | Brown Thomas Cork
Permanent · Cork
By
Reuters
Published
Jun 25, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Revlon settles lawsuit with investor

By
Reuters
Published
Jun 25, 2012

Cosmetics maker Revlon Inc settled its dispute with shareholder Fidelity Management & Research Co regarding a class action lawsuit related to a share exchange offer from 2009.


Photo: Revlon


Fidelity Management, which owns about 2.06 percent of the company according to Thomson Reuters data, will be paid $19.9 million and will drop all related claims in return.

The investment adviser and its subsidiaries controlled almost 90 percent of Revlon shares that were traded in the offer that sought to issue preferred shares in lieu of Class A common shares.

The lawsuits alleged, among other things, that the defendants should have disclosed along with the offer information regarding the company's results for the fiscal quarter ended September 30, 2009.

The lawsuits were bought against Revlon, its then directors and MacAndrews & Forbes Holdings Inc - the holding company of its chairman and largest shareholder Ronald Perelman.

Revlon, which competes with L'Oreal, Estee Lauder Cos Inc and Elizabeth Arden Inc, said it recorded a charge related to the settlement, which will be paid from insurance proceeds.

The lawsuits are pending in the Court of Chancery of the State of Delaware, the Supreme Court of the State of New York, New York County and the U.S. District Court for the District of Delaware.

The company said this settlement has no effect on the pending actions other than to eliminate Fidelity from any future certified class actions.

Revlon has recorded an additional charge of $6.7 million with respect to estimated costs of resolving the pending litigations with the other plaintiffs, including the company's estimate of any additional payment to Fidelity.

© Thomson Reuters 2022 All rights reserved.