An investigation for investors in NYSE:TUP shares over potential securities laws violations by Tupperware Brands in connection certain financial statements was announced.
Investors who purchased shares of Tupperware Brands Corporation (NYSE:TUP), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tupperware Brands Corporation (NYSE:TUP) concerning whether a series of statements by Tupperware Brands regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Orlando, FL based Tupperware Brands Corporation is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. Shares of Tupperware Brands Corporation (NYSE:TUP) reached as high as $95.29 per share in late 2013.
On January 27, 2016, Tupperware Brands Corporation reported its fourth quarter 2015 results. Among other things, Tupperware Brands Corporation reported that its Total Revenue declined from over $2.60 billion for 52 weeks period that ended on December 27, 2014 to over $2.28 billion for the 52 weeks period that ended on December 26, 2015 and that its Net Income for those time periods declined from $214.40 million to $185.80 million. Shares of Tupperware Brands Corporation (NYSE:TUP) declined on January 27, 2016 to as low as $42.60 per share.
On March 7, 2016, NYSE:TUP shares closed at $56.26 per share.
Those who purchased NYSE:TUP shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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