Investors Can Lead Class Action Against TMC the Metals Company

LOS ANGELES, Dec. 6, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) has announced that investors who have suffered substantial losses can take the lead in a securities fraud lawsuit against TMC the metals company Inc. (“TMC” or the “Company”) TMC.

Class Period: May 12, 2023 – March 25, 2024
Lead Plaintiff Deadline: January 7, 2025

Investors interested in becoming lead plaintiffs in the TMC lawsuit can submit their information at www.glancylaw.com/cases/TMC-the-metals-company-Inc-1/. Alternatively, they may contact Charles H. Linehan from GPM at 310-201-9150, toll-free at 888-773-9224, or via email at shareholders@glancylaw.com for more information about their rights.

The filed complaint claims that during the Class Period, the Defendants failed to inform investors about several critical issues: (1) TMC had weak internal controls regarding financial reporting; (2) the Company misclassified the sale of future revenue from the LCR Partnership as deferred income when it should have been classified as debt; (3) this misclassification would lead TMC to restate one or more of its financial statements; and (4) therefore, the positive claims made by Defendants regarding the Company’s business and prospects were materially misleading and lacked a solid basis at all relevant times.

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To be part of the class action, no immediate action is required from you. You may choose to hire a lawyer or do nothing and still be included as an absent member of the class. If you want to learn more or have any questions about this announcement or your rights regarding the lawsuit, please reach out to Charles Linehan, Esquire, from GPM, at 1925 Century Park East, Suite 2100, Los Angeles, California 90067. You can call 310-201-9150, toll-free at 888-773-9224, or email shareholders@glancylaw.com. Be sure to include your mailing address, phone number, and number of shares purchased in your email inquiry.

This press release might be seen as Attorney Advertising in certain areas under applicable law and ethical rules.

Contacts 
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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SOURCE Glancy Prongay & Murray LLP