Class Motion Says Tupperware, Blaming Inflation and International Occasions, Hid Monetary Woes

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A shareholder claims in a new securities class action complaint that Tupperware Brands Corp. executives wrongfully kept a lid on the company’s slipping financial performance.

The case filed Tuesday in the Southern District of New York by Pomerantz and the Portnoy Law Firm alleges Tupperware executives led shareholders to believe the company was on track during the end of 2021 and beginning of 2022, but disclosed in May that Tupperware was struggling badly enough that financial guidance through the end of the year was no longer realistic.

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