Thieler Law Corp advises investors with losses exceeding $100,000 of the April 27, 2020 lead plaintiff deadline in a class action lawsuit filed against Tupperware Brands Corporation (NYSE: TUP) (“Tupperware” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Tupperware Brands Corporation securities between January 30, 2019 and February 24, 2020, have until April 27, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Tupperware Brands Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Tupperware lacked effective internal controls; as a result, Tupperware would need to investigate Fuller Mexico’s accounting and liabilities; consequently, Tupperware would be unable to timely file its annual report on Form 10-K for its fiscal year 2019; Tupperware did not properly account for its accounts payable and accrued liabilities at Fuller Mexico; Tupperware provided overvalued earnings per share guidance; Tupperware would need relief from its $650 million Credit Agreement; and 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 February 24, 2020, the Company stated that it would be incapable of filing its annual report for the fiscal year ending December 28, 2019, in a timely manner. The Company stated that it expects 2019 net earnings per share "in the range of breakeven to $0.34 versus $3.11 in the prior year" and adjusted EPS of $1.35 to $1.70.

On this news, shares of Tupperware fell by more than 42% during intraday trading on February 25, 2020.

If you were negatively impacted by your investment in Tupperware Brands Corporation securities between January 30, 2019 and February 24, 2020 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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