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ROSEN, A LEADING LAW FIRM, Encourages TMC the metals company Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TMC
CS DiscoCS Disco(US:LAW) GlobeNewswire News Room·2024-11-13 01:21

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of TMC the metals company Inc. securities between May 12, 2023, and March 25, 2024, alleging misleading statements and deficiencies in financial reporting [1][5]. Group 1: Lawsuit Details - The lawsuit claims that TMC maintained deficient internal controls over financial reporting, leading to the misclassification of future revenue from a partnership as deferred income instead of debt [5]. - It is alleged that this misclassification would necessitate TMC to restate previously issued financial statements, rendering the defendants' public statements materially false and misleading [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the TMC class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by January 7, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest ever against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4].