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TUP.US
id: 627, Created by Stan Vick Chase, Scout
Join Tupperware Brands (TUP) Misconduct Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Tupperware disclosed that financial statements for several previous periods were materially misstated.
- $TUP significantly fell, damaging investors.
- Investors suspect Tupperware, its Leaders, and its Service Providers of multiple financials misrepresentations.
On March 16, 2023, filed with the SEC a Late filing notice which stated that "...the Company’s previously issued consolidated financial statements as of and for the years ended December 26, 2020, and December 25, 2021, and the previously issued unaudited interim condensed consolidated financial statements in 2021 and the first three quarters of 2022, as well as the associated press releases, were materially misstated and should be restated and no longer be relied upon because of the identification of material prior period misstatements."
Earlier, on March 1, 2023, Tupperware announced that it had identified misstatements in prior annual and unaudited interim periods.
On this news, $TUP fell 14.88%, damaging investors.
Taking all the facts into account, Investors have reasons to suspect Tupperware, its Leaders, and its Service Providers of misleading and, among other things, that:
- Tupperware did not disclose its serious issues with internal controls;
- Tupperware’s financial statements, from its 2020 Annual Report to the present, included misstatements, particularly as it related to the Company’s accounting for income taxes;
- Tupperware would need to restate its previously filed financial statements for certain periods;
As a result, Company's statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
16 March 2023
Case number
23-CV-00511
Filing date
20 March 2023
Class period Start
10 March 2021
Class period End
16 March 2023
Lead Plaintiff Deadline
19 May 2023
Court
Middle District of Florida
Judge
Hon. Paul G. Byron