Tupperware Brands Corporation

Period: 01/30/2019 to 02/24/2020
Lead Plaintiff Deadline: 04/27/2020


Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is notifying investors that a class action lawsuit has been filed against Tupperware Brands Corp. (“Tupperware” or the “Company”) (NYSE: TUP), and certain other defendants, related to alleged violations of federal securities laws.  If you purchased Tupperware securities between January 30, 2019 and February 24, 2020, you are encouraged to contact Jonathan Zimmerman for additional information at (888) 398-9312 or jzimmerman@scott-scott.com.

The lawsuit alleges that Tupperware misrepresented and failed to disclose that the company lacked effective internal controls and did not properly account for its accounts payable and accrued liabilities at its Fuller Mexico beauty business.

The truth emerged on February 24, 2020, when Tupperware issued a press release announcing a delay in the filing of its Annual Report on Form 10-K for the fiscal year ended December 28, 2019.  This delay was due to the need to “finalize additional procedures as part of its investigation regarding the impact of certain financial reporting matters in its Fuller Mexico beauty business.”  The Company said it was “conducting an investigation primarily into the accounting for accounts payable and accrued liabilities at its Fuller Mexico beauty business.”

On this news, the price of Tupperware stock dropped more than 45% on February 25, 2020.

What You Can Do

If you purchased Tupperware securities, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com.  The lead plaintiff deadline is April 27, 2020.  Investors with losses over $50,000 are especially encouraged to contact Scott+Scott.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.  The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

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Jonathan Zimmerman

Scott+Scott Attorneys at Law LLP

230 Park Avenue, 17th Floor, New York, NY 10169-1820

(888) 398-9312