The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tupperware Brands Corporation (NYSE: TUP) who purchased shares between November 3, 2021 and May 3, 2022. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the Tupperware lawsuit alleges that (i) TUP was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, TUP’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 TUP’s financial condition; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until August 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.