TUP LOSSES ALERT: Bernstein Liebhard is Investigating Tupperware Brands Corp. for Violations of the Federal Securities Laws
February 25 2020 - 11:25AM
Business Wire
Bernstein Liebhard, a nationally acclaimed investor rights law
firm, is investigating potential securities fraud claims on behalf
of shareholders of Tupperware Brands Corporation (“Tupperware” or
the “Company”) (NYSE: TUP) from allegations that Tupperware might
have issued misleading information to the investing public.
If you purchased Tupperware securities, and/or would like to
discuss your legal rights and options please visit Tupperware
Shareholder Investigation or contact Matthew E. Guarnero toll free
at (877) 779-1414 or MGuarnero@bernlieb.com.
On February 24, 2020, after the market closed, Tupperware issued
a press release announcing that it was unable to timely file its
annual report for the fiscal year ending December 28, 2019.
Tupperware also announced that its results were affected by
financial reporting issues with Fuller Mexico and that Tupperware
was conducting an “investigation primarily into the accounting for
accounts payable and accrued liabilities at its Fuller Mexico
beauty business[.]” Additionally, “the Company is forecasting a
need for relief concerning its existing leverage ratio covenant in
its $650 million Credit Agreement dated March 29, 2019 [], to avoid
a potential acceleration of the debt, which could have a material
adverse impact on the Company.”
On this news, Tupperware’s stock price fell over 20% per-market
per share on February 25, 2020.
If you purchased Tupperware securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/tupperwarebrandscorporation-tup-shareholder-class-action-lawsuit-254/apply/
or contact Matthew E. Guarnero toll free at (877) 779-1414
or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5
billion for its clients. In addition to representing individual
investors, the Firm has been retained by some of the largest public
and private pension funds in the country to monitor their assets
and pursue litigation on their behalf. As a result of its success
litigating hundreds of lawsuits and class actions, the Firm has
been named to The National Law Journal’s “Plaintiffs’ Hot List”
thirteen times and listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200225005787/en/
Matthew E. Guarnero Bernstein Liebhard LLP
https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com
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