11th Circuit Won’t Rehear Tupperware Securities Fraud Case, Denies Investor Petition

(October 12, 2023, 1:09 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals denied a petition for rehearing en banc filed by an investor in Tupperware Brands Corp. who argued that the court’s affirming of the dismissal of the complaint against the company and certain of its former executives for allegedly misrepresenting its financial results conflicts with 11th Circuit and Supreme Court precedent regarding scienter....