Tupperware Brands $21.75M Securities Class Action Settlement

Tupperware Brands Corp.

Consumers who purchased or otherwise acquired Tupperware Brands Corp. common stock between May 5, 2021, and May 4, 2022, may be eligible to claim a cash payment from a class action settlement.

Tupperware Brands Corp. agreed to pay $21.75 million to settle a class action lawsuit alleging violations of federal securities laws. The lawsuit claimed the company and certain executives made misleading statements about Tupperware’s ability to maintain gross margins through price increases even as costs rose.

Who can file a Tupperware claim?

Class members must meet all of the following criteria:

They purchased or otherwise acquired Tupperware Brands Corp. common stock between May 5, 2021, and May 4, 2022.
They acquired shares directly (not solely through a mutual fund or similar pooled investment).
They have transaction documentation.

Additional details:

Selling Tupperware stock during the class period does not make an individual eligible unless they also purchased or otherwise acquired shares during that time.
Both individuals and institutional investors may qualify provided they meet the purchase criteria.

How much can class members receive?

Pro rata payment: The total settlement fund is $21,750,000. However, the actual amount each class member receives will depend on several factors, including the number of valid claims submitted, the number of shares each claimant purchased and the timing of those purchases and sales.

The average recovery is estimated at $1.42 per allegedly damaged share before deductions for attorneys’ fees and expenses and $0.90 per allegedly damaged share after deductions.

How is the payment calculated?

The plan of allocation uses a detailed formula to determine each claimant’s recognized loss based on:

When the claimant purchased and sold the shares
The amount of alleged price inflation at the time of purchase and sale
Whether the claimant held shares through certain corrective disclosure dates
The 90-day lookback period after the class period

Artificial inflation in Tupperware common stock

May 5-Nov. 2, 2021: $12.46 per share
Nov. 3, 2021: $6.89 per share
Nov. 4, 2021–May 3, 2022: $6.13 per share
May 4, 2022, and after: $0 per share

Recognized loss calculation

Class members who sold their shares before Nov. 3, 2021, have a $0 recognized loss.
Class members who bought and sold shares between two corrective disclosure dates have a $0 recognized loss.
Class members who bought shares during the class period and sold them between Nov. 3, 2021, and May 3, 2022, have a recognized loss of the difference in price inflation between the purchase and sale dates.
Class members who bought shares during the class period and sold them between May 4, 2022, and Aug. 1, 2022 (the 90-day lookback period), have a recognized loss that is the lesser of:

The price inflation at purchase OR
The purchase price minus the 90-day lookback value on the sale date (see Table 2 in the class notice)

Class members who bought shares during the class period and held them through Aug. 1, 2022, have a recognized loss that is the lesser of:

The price inflation at purchase OR
The purchase price minus $6.94 (the average closing price during the 90-day lookback period)

The payment calculation is (the class member's recognized loss/the total recognized losses of all valid claimants) x the net settlement fund.

Claimants whose calculated payment is less than $10 will not receive it.

How to claim a securities payout

Class members can file the online claim form or download, print, complete and mail the PDF claim form to the settlement administrator. The claim deadline is Nov. 28, 2025.

Settlement administrator's mailing address: Tupperware Brands Corp. Securities Litigation, c/o Epiq Class Action & Claims Solutions Inc., P.O. Box 2960 Portland, OR 97208-2960

Is proof or documentation required to submit a claim?

Yes. Class members must submit their Social Security or taxpayer identification number to file a claim. They must also provide a detailed transaction history of their Tupperware common stock, including:

Trade dates
Number of shares purchased or sold
Price per share
Total cost

Class members need to submit documentation to support their claim, such as:

Stockbroker confirmation slips
Stockbroker statements
Other documents showing each purchase and sale of Tupperware common stock

Those who do not have these documents should obtain copies from their broker or tax advisor. The settlement administrator may reject claims without supporting documentation.

Payout options

Paper check

$21.75 million settlement fund breakdown

The $21,750,000 settlement fund includes:

Settlement administration costs: $200,000 prior to the effective date with the potential for more with court approval or after the effective date
Attorneys' fees: Up to $7,264,500 plus interest
Attorneys' expenses: Up to $700,000
Service awards to class representatives: Up to $50,000 total
Payments to eligible class members: The remainder of the fund

Important dates

Deadline to file a claim: Nov. 28, 2025
Deadline for exclusion (opt-out): Nov. 28, 2025
Final approval (fairness) hearing: Dec. 18, 2025

When is the Tupperware Brands Corp. securities litigation payout date?

The settlement administrator will issue payments after it resolves any appeals and the court grants final approval of the settlement.

Why did this class action settlement happen?

The class action lawsuit alleged Tupperware Brands Corp. and certain executives violated federal securities laws by making misleading statements about the company’s ability to maintain gross margins through price increases despite rising costs.

Tupperware did not admit any wrongdoing but agreed to settle to avoid the risks and costs of continued litigation.