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TUP.US

id: 1577

Tupperware (TUP) $21.75M Investor Settlement

Late claims are being considered for compensation, subject to 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

11/28/2025

Claim deadline

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.

Outline

In 2021, Tupperware promoted a turnaround plan and reassured investors that it would maintain margins through price increases. However, the company was struggling with excess inventory and declining profitability. On May 4, 2022, Tupperware admitted its price hikes had been delayed and that the strategy was ineffective. This caused a 32% drop in $TUP, adding to a total decline of over 52% since the strategy was implemented. By June 2022, Tupperware faced a lawsuit from investors.  

Timeline

May 5, 2021 – Tupperware reported strong Q1 results and claimed it was raising prices to offset inflation.
November 3, 2021 – The company revealed falling profits and efforts to liquidate excess inventory. $TUP dropped 22.5% over two days.
May 4, 2022 – Tupperware admitted pricing delays and limited effectiveness. $TUP plunged 32.16%.
June 14, 2022 – Investors filed a lawsuit.
March 7, 2025 – Parties reached a settlement agreement.

Background

Tupperware, known for its plastic kitchen containers, launched a turnaround strategy in 2021, aiming to expand into retail and e-commerce. The company told investors it was raising prices to offset inflation and maintain strong margins.

However, internally, Tupperware focused on clearing excess inventory through discounting rather than pricing changes. Despite weakening margins, executives continued to highlight pricing as a strength throughout 2021.

On November 3, 2021, the company disclosed that profits were under pressure, and the stock fell sharply. Then on May 4, 2022, it admitted that most price increases had been delayed and wouldn’t take effect until the following quarter. These disclosures led to a combined stock drop of more than 52%.

Tupperware later filed for bankruptcy in September 2024, highlighting the broader financial challenges it had failed to fully address.

On June 14, 2022, investors filed a lawsuit, alleging that Tupperware misled them about its pricing strategy and ability to manage inflation.

What Can Investors Expect Now?

Tupperware has agreed to settle $21.75 million with $TUP investors to resolve claims that it misled them about its ability to manage inflation and protect margins during its turnaround strategy.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

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

Court hearing date

12/18/2025

Exclusion deadline

11/28/2025

Objection deadline

11/28/2025

Attorney fee

$7,964,500

Class wide damages

$139,900,000

Trades matching type

FIFO

Frequently Asked Questions

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