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Tupperware Shareholder Alert: Class Action Lawsuit Filed

BOSTON, MA / ACCESSWIRE / March 19, 2020 / Thornton Law Firm LLP announces that a lawsuit has been filed against Tupperware Brands Corporation on behalf of Tupperware shareholders (TUP). There is no minimum number of shares required to be a class member. Investors who have purchased at least 5,000 shares of TUP stock between January 30, 2019 and February 24, 2020, that are interested to learn more about the lead plaintiff process, are encouraged to visit https://www.tenlaw.com/cases/TUP. Shareholders may also contact the Thornton Law Firm at shareholder@tenlaw.com, or call 617-531-3917. Interested TUP shareholders have until April 27, 2020, to apply to be lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/TUP

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The Company manufactures and sells an array of products for consumers under the Tupperware brand name. The Company also manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, Fuller, NaturCare, Nutrimetics, and Nuvo brands. The Complaint alleges that Defendants throughout the Class Period made false and misleading statements and failed to disclose the following: (1) Tupperware lacked effective internal controls; (2) Tupperware would need to investigate Fuller Mexico's accounting and liabilities; (3) Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019; (4) Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico; (5) Tupperware provided overvalued earnings per share guidance; (6) Tupperware would need relief from its $650 million Credit Agreement; and (7) as a result, Defendants' statements about Tupperware's business, operations, and prospects, were materially false and misleading or lacked a reasonable basis at all relevant times. It is alleged that when the market learned the truth about Tupperware, investors suffered damages.

If you have purchased at least 20,000 shares of TUP stock (TUP), please contact the Thornton Law Firm's shareholder rights team at shareholder@tenlaw.com, or call 617-531-3917 to discuss the lead plaintiff process.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/TUP

Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE: Thornton Law Firm LLP



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