An investigation for investors in Tupperware Brands Corporation (NYSE:TUP) shares over potential securities laws violations by Tupperware Brands was announced and NYSE:TUP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/16/2016 -- An investigation for shareholders in Tupperware Brands Corporation (NYSE:TUP) 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 mail@shareholdersfoundation.com or call 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.
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 15, 2016, NYSE:TUP shares closed at $55.59 per share.
Those who purchased shares of Tupperware Brands Corporation (NYSE:TUP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com