Tupperware Shareholder: 11th Circuit Should Rehear Standard For Imputing Scienter

Mealey's (September 15, 2023, 8:19 AM EDT) -- ATLANTA —The lead plaintiff in a securities fraud lawsuit against Tupperware Brands Corp. and certain of its former executives is seeking rehearing en banc of the 11th Circuit’s ruling affirming the dismissal of the lawsuit for failure to tie the former executive to the company’s alleged misrepresentations of its financial results, arguing that the panel’s decision conflicts with 11th Circuit and U.S. Supreme Court precedent regarding scienter....