INVESTOR NOTICE: Investors in Tupperware Brands Corporation with Substantial Losses Have Opportunity…
Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Tupperware Brands Corporation (NYSE: TUP) securities between November 3, 2021 and May 3, 2022, both dates inclusive (the “Class Period”) have until August 15, 2022 to seek appointment as lead plaintiff in Edge v. Tupperware Brands Corporation, No. 22-cv-04976. Commenced on June 14, 2022 in the Southern District of New York, the Tupperware class action lawsuit charges Tupperware as well as certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
CASE ALLEGATIONS: The Tupperware class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware’s full year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware’s financial condition; and (iv) as a result, Tupperware’s public statements were materially false and misleading at all relevant times.
On May 4, 2022, Tupperware announced its financial results for the first quarter of 2022. Among other items, Tupperware reported adjusted earnings per share from continuing operations and net sales that fell well short of consensus estimates and withdrew its full year 2022 guidance and named a new Chief Financial Officer. Tupperware attributed the poor performance to the conflict in Russia and Ukraine. However, when pressed by analysts on a conference call, Tupperware acknowledged that Russia and Ukraine…