NEW YORK-Rosen Law Firm, a global investor rights law firm, alerts investors to a class action lawsuit filed by a shareholder on behalf of investors who purchased the securities of TMC the metals company Inc. between May 12, 2023 and March 25, 2024. TMC is a deepwater mineral exploration company.
For more information, please submit the form, email Phillip Kim, Esq . , or call us at 866-767-3653.
Complaint: Rosen Law Firm is investigating allegations that TMC the metals company Inc. (NASDAQ: TMC) misled investors about its business operations.
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) TMC’s internal control over financial reporting was deficient; (2) as a result, the company incorrectly classified future sales revenue from the LCR Partnership (a strategic partnership with Low Carbon Royalties Inc.) as deferred revenue rather than debt; (3) such misclassification, if discovered, would have required TMC to restate one or more of its previously issued financial statements; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the market learned the true details, investors suffered losses, the complaint alleges.
What to do now: You may be eligible to join the class action lawsuit against TMC the metals company Inc. If a shareholder wishes to serve as lead plaintiff in the class action, he or she must file a motion with the Court no later than January 7, 2025. A lead plaintiff is a representative plaintiff who leads the litigation on behalf of other class members. You do not have to participate in the case to qualify for recovery. You may also remain an absent class member if you choose not to take any action. For more information, click here .
All representation is on a win-win basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Unlike Rosen Law Firm, some law firms that publish announcements on these matters do not actually file securities class action lawsuits. As a recognized leader in shareholder rights litigation, the attorneys and staff at Rosen Law Firm are dedicated to helping shareholders recover losses, improving corporate governance structures, and holding corporate executives accountable for illegal conduct. Since our founding, we have recovered more than $1 billion for shareholders.
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Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original text, which is the only version with legal effect.
Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th Floor New
York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
