NEW YORK, Feb. 25, 2020 /PRNewswire/ -- Bernstein
Liebhard, a nationally acclaimed investor rights law firm, is
investigating potential securities fraud claims on behalf of
shareholders of Tupperware Brands Corporation ("Tivity
Health" or the "Company") (NASDAQ: TVTY) from allegations that
Tivity Health might have issued misleading information to the
investing public.
If you purchased Tivity Health securities, and/or would like
to discuss your legal rights and options please visit Tivity
Health Shareholder Investigation or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
On February 19, 2020, Tivity
Health issued a press release announcing the Company's financial
results for the fourth quarter and year ended December 31, 2019. Tivity Health disclosed, inter
alia, that its "Nutrition segment had a disappointing end to 2019,"
which included "a non-cash impairment charge of $(377.1) million," contributing to a net loss for
the Company of $272.8 million in the
fourth quarter. Concurrently, Tivity Health announced the
resignation of the Company's Chief Executive Officer ("CEO")
Donato Tramuto, effective
immediately. Discussing the Company's financial results on an
earnings call, the Company's interim CEO, Robert Greczyn, stated that "[a]dmittedly, the
nutrition business has not worked out as well as planned since the
completion of the [Nutrisystem Acquisition] in March 2019."
On this news, Tivity Health's stock price fell $10.43 per share, or 45.49%, to close at
$12.50 per share on February 20, 2020.
If you purchased Tivity Health securities, and/or would like
to discuss your legal rights and options please visit
https://www.bernlieb.com/cases/tivityhealthinc-tiv-shareholder-class-action-lawsuit-stock-fraud-255/apply/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
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Connecticut is Michael S. Bigin. Prior results do not
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matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP