Investors Lashed by Losses from TMC Have a Chance to Lead a Lawsuit

LOS ANGELES, Jan. 3, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP has announced that investors who have incurred losses are invited to take the lead in a securities fraud class action lawsuit against TMC the metals company Inc. (“TMC” or the “Company”) TMC.

ACT NOW: If You Lost Money on TMC Investments, Click Here Before JANUARY 7, 2025 (LEAD PLAINTIFF DEADLINE) to Join the Securities Fraud Lawsuit

Overview of the Lawsuit
The lawsuit claims that between May 12, 2023 and March 25, 2024, the defendants did not reveal important information. Specifically, they allegedly failed to disclose: (1) TMC had weak internal controls regarding financial reporting; (2) as a result, the Company wrongly reported future revenue from the LCR Partnership as deferred income instead of debt; (3) this misclassification would eventually force TMC to restate prior financial statements; and (4) consequently, the positive statements made about TMC’s business and future prospects were misleading and lacked a solid basis at all relevant times.

Contact Us for Participation Details

To learn more about this lawsuit, or if you have questions regarding this announcement and your rights, feel free to reach out.
Contact: Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, California 90067
Email: shareholders@glancylaw.com
Phone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

When contacting us via email, please include your mailing address, phone number, and the number of shares purchased.

To be part of the class action, you do not need to take any action at this moment; you may choose to hire your own lawyer or refrain from any action and remain an absent member of the class action.

This press release may be regarded as Attorney Advertising in certain jurisdictions under applicable laws and ethical guidelines.

Reach Out to Us:
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: shareholders@glancylaw.com
Phone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

View original content to download multimedia: https://www.prnewswire.com/news-releases/tmc-the-metals-company-inc-tmc-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302341626.html

SOURCE Glancy Prongay & Murray LLP