INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Tupperware Brands Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Feb 26, 2020--
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tupperware Brands Corporation (“Tupperware” or “the Company”) (NYSE: TUP ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between January 30, 2019 and February 24, 2020, inclusive (the ″Class Period″), are encouraged to contact the firm before April 27, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Tupperware failed to maintain appropriate internal controls. Based on this failure, the Company was forced to investigate the accounting and liabilities of its Fuller Mexico division. Due to this investigation, the Company delayed the filing of its annual report on Form 10-K for fiscal year 2019. The Company did not properly account for Fuller Mexico’s accounts payable and accrued liabilities, resulting in it overvaluing its earnings per share guidance. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Tupperware, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200226005951/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.,
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Schall Law Firm
Copyright Business Wire 2020.
PUB: 02/26/2020 04:27 PM/DISC: 02/26/2020 04:27 PM