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TUP.US
id: 1577

Tupperware (TUP) $21.75M Investor Settlement

The settlement terms have been submitted to the court for approval.
$21,750,000
Cash Settlement
M.D. Florida
Court
6:22-cv-01518
Case number
05/05/2021
Class period Start
05/04/2022
Class period End
Tupperware has agreed to settle $21.75M with $TUP investors to resolve claims that it misled them about its ability to manage inflation and protect margins during its turnaround strategy.
Case Status
Stipulative Settlement
Alleged Offence
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
1.42
Filing date
06/14/2022
Plaintiffs
Michael J. Dennehy; Ralph Estep; Michael Edge
Attorneys
Levi & Korsinsky, LLP; Pomerantz LLP; Cullin O’Brien Law, P.A.
Defendants
Miguel Fernandez ; Cassandra Harris
Judge
Roy B. Dalton, Jr.
Administrator
EPIQ
Attorney fee
$7,964,500
Class wide damages
$139,900,000
Trades matching type
FIFO

Frequently Asked Questions

Tupperware Brands Corporation

Tupperware Brands Corporation operates as a consumer products company in the Asia Pacific, Europe, Africa, the Middle East, North America, and South America. The company manufactures, markets, and ...

    Ticker
    TUP.US
    ISIN
    US8998961044
    CIK
    0001008654
    Sector
    Consumer Cyclical
    Industry
    Packaging & Containers
    Country
    USA
    Address
    14901 South Orange Blossom Trail, Orlando, FL, United States, 32837