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Stock impact report

TMC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against TMC the metals company Inc. and Encourages Investors to Contact the Firm

TMC the metals company Inc. (TMC) 
Company Research Source: GlobeNewswire
NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired TMC securities between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”). Investors have until January 7, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. According to the complaint, during the class period, defendants failed to disclose that: (i) TMC maintained deficient internal controls over financial reporting; (ii) as a result, the Company inaccurately classified the sale of future revenue attributable to the LCR Partnership as deferred income rather than debt; and (iii) the foregoing mis Show less Read more
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