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Deadline in Lawsuit for Investors in shares of Tupperware Brands Corporation (NYSE: TUP) coming up

04-08-2020 08:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on April 27, 2020 in the lawsuit for certain investors in Tupperware Brands Corporation (NYSE: TUP).

A Deadline is coming up on April 27, 2020 in the lawsuit for certain investors in Tupperware Brands Corporation (NYSE: TUP).

The Shareholders Foundation announced that a deadline is coming up on April 27, 2020 in the lawsuit filed for certain investors of Tupperware Brands Corporation (NYSE: TUP) over alleged securities laws violations by Tupperware Brands Corporation.

Investors who purchased shares of Tupperware Brands Corporation (NYSE: TUP) have certain options and there are strict and short deadlines running. Deadline: April 27, 2020. NYSE: TUP stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Tupperware Brands Corporation (NYSE: TUP) common shares between January 30, 2019 and February 24, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 30, 2019 and February 24, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Tupperware lacked effective internal controls, that as a result, Tupperware would need to investigate Fuller Mexico's accounting and liabilities, that consequently, Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019, that Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico, that Tupperware provided overvalued earnings per share guidance, that Tupperware would need relief from its $650 million Credit Agreement, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Tupperware Brands Corporation (NYSE: TUP) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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