Tupperware Brands Corporation (NYSE: TUP)

This lawsuit is for anyone who acquired securities in Tupperware Brands Corporation (NYSE: TUP) from March 10, 2021 through March 16, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had sufficient controls in place to prevent improper accounting but then by announcing accounting errors.

On March 1, 2023, Tupperware issued a press release disclosing that it “identified misstatements which originated in prior annual and unaudited interim periods” and that “there is the possibility that additional current and prior period misstatements could be identified.” The Company further disclosed that it “did not design and maintain effective internal controls related to the accounting for the completeness, occurrence, accuracy, and presentation of the income tax provision and related income tax assets and liabilities.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on March 16, 2023, after the market closed, the Company filed with the SEC a Late filing notice, reporting that it was unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 because the Company required additional time to restate certain of its previously issued financial statements. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Tupperware Brands Corporation (NYSE: TUP) from March 10, 2021 through March 16, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.