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 SettlementM.D. Florida
Court6:22-cv-01518
Case number05/05/2021
Class period Start05/04/2022
Class period EndTupperware 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
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