MILWAUKEE, Feb. 25, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating possible securities fraud claims
against Tupperware Brands Corporation (NYSE: TUP) resulting from
inaccurate statements Tupperware made regarding its internal
controls, business practices, financial statements and
prospects.
Click here to learn more about the investigation:
http://ademilaw.com/case/tupperware-brands-corporation or call
Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
The investigation focuses on whether Tupperware issued false and
misleading statements regarding its business practices and
prospects. Specifically, Tupperware's lack of internal
controls were resulting in accounting irregularities at
Tupperware's Mexican operations with a pre-tax impact for 2019 of
between $50 million to $52 million. Additionally, Tupperware was
misrepresenting its financial stability and would need relief from
covenants in its $650 million credit
agreement, to avoid potential acceleration of the debt, which would
have "a material adverse impact on the company."
If you wish to obtain additional information or have information
about this investigation of Tupperware, please contact Guri Ademi either at gademi@ademilaw.com or
toll-free: 866-264-3995,
http://ademilaw.com/case/tupperware-brands-corporation.
We specialize in securities fraud and shareholder
litigation. For more information, please feel free to call
us. Attorney advertising. Prior results do not guarantee
similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
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SOURCE Ademi & O'Reilly, LLP