Attention Shareholders: Important Update on TMC – The Metals Company Inc. Class Action Lawsuit and Upcoming Deadlines!

Attention Shareholders: Important Update on TMC – The Metals Company Inc. Class Action Lawsuit and Upcoming Deadlines!

Introduction

On December 9, 2024, Pomerantz LLP announced that a class action lawsuit has been filed against TMC – The Metals Company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) and certain officers. The lawsuit, filed in the United States District Court for the Central District Of California, seeks to recover damages caused by Defendants’ violations of the federal securities laws.

About the Class Action Lawsuit

The class action lawsuit is on behalf of all persons and entities other than Defendants who purchased or otherwise acquired TMC securities between May 12, 2023, and March 25, 2024, both dates inclusive (the “Class Period”). The lawsuit aims to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

Impact on Shareholders

Shareholders who purchased or acquired TMC securities during the specified Class Period may be entitled to recover damages as a result of the alleged violations of federal securities laws by TMC and its top officials. It is crucial for affected shareholders to stay informed about the developments in the class action lawsuit and upcoming deadlines to ensure they can pursue any potential remedies available to them.

How This Will Affect You

As a shareholder of TMC who purchased or acquired securities during the Class Period, it is important to assess the impact of the class action lawsuit on your investments. Understanding the allegations made against the Company and its officials can help you make informed decisions about your next steps and potential legal recourse.

Impact on the World

The outcome of the class action lawsuit against TMC – The Metals Company Inc. can have broader implications for the financial markets and investor confidence. A ruling in favor of the plaintiffs could set a precedent for holding companies accountable for violations of federal securities laws, potentially leading to increased transparency and accountability in the corporate world.

Conclusion

It is essential for shareholders affected by the class action lawsuit against TMC to stay informed and seek legal guidance to navigate the complexities of securities law violations. By understanding the implications of the lawsuit on both individual investors and the broader financial landscape, shareholders can make informed decisions about protecting their investments and pursuing any available remedies.

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