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Case Status:    ONGOING    
On or around 09/23/2020 (Date of last review)

Filing Date: February 25, 2020

According to the Complaint, Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The Company engages in the manufacture and sale of an array of products for consumers under the Tupperware brand name. The Company also manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, Fuller, NaturCare, Nutrimetics, and Nuvo brands.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Tupperware lacked effective internal controls; (2) as a result, Tupperware would need to investigate Fuller Mexico's accounting and liabilities; (3) consequently, Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019; (4) Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico; (5) Tupperware provided overvalued earnings per share guidance; (6) Tupperware would need relief from its $650 million Credit Agreement; and (7) 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.

On April 30, 2020, the Court issued an Order transferring the case to the Middle District of Florida. On May 8, the Court issued an Order consolidating cases under Docket 20-CV-00357. On June 16, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on July 31.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Misc. Fabricated Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TUP
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 20-CV-01798
JUDGE: Hon. Philip S. Gutierrez
DATE FILED: 02/25/2020
CLASS PERIOD START: 01/30/2019
CLASS PERIOD END: 02/24/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
No Document Title Filing Date
COURT: M.D. Florida
DOCKET #: 20-CV-00357
JUDGE: Hon. Philip S. Gutierrez
DATE FILED: 07/31/2020
CLASS PERIOD START: 01/31/2018
CLASS PERIOD END: 02/24/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Saxena White PA (New Boca Raton)
  2. The Rosen Law Firm, P.A. (Jenkintown)
No Document Title Filing Date
No Document Title Filing Date