Investors Urged to Participate in Class Action Against TMC the Metals Company
LOS ANGELES, Dec. 26, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz has announced that investors who have experienced significant losses may now have the chance to lead a securities fraud class action lawsuit against TMC the metals company Inc. (“TMC” or the “Company”) TMC.
Class Details and Important Dates
Class Period: May 12, 2023 – March 25, 2024
Lead Plaintiff Deadline: January 7, 2025
If you are a shareholder who suffered a loss, click here to participate.
Allegations Against TMC
The lawsuit claims that from May 12, 2023, to March 25, 2024, TMC’s executives failed to inform investors about critical issues. These include: (1) insufficient internal controls over financial reporting; (2) misclassification of future revenue from the LCR Partnership as deferred income instead of debt; (3) the need for TMC to restate financial statements once the misclassification was uncovered; and (4) misleading statements from the Company about its business performance, operations, and future prospects.
Next Steps for Interested Investors
To become part of the class action, investors do not need to act immediately. You may choose to retain legal counsel or take no action and remain an absent class member. For more information regarding this lawsuit, or if you have questions about your rights or interests, please contact Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067, by calling 310-914-5007, emailing info@frankcruzlaw.com, or visiting our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, phone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some locations, in accordance with applicable legal and ethical standards.
Contact Information
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
