Core Viewpoint - Tronox Holdings plc is facing a class action lawsuit due to allegations of providing misleading statements about its financial health and sales forecasts, leading to a significant drop in stock price [2][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that Tronox made overly positive statements while concealing material adverse facts about its commercial division and sales forecasts, which ultimately led to a decline in sales and increased costs [2]. - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales, attributing the decline to a "softer than anticipated coatings season and heightened competitive dynamics," which resulted in a lowered full-year revenue guidance and a 60% reduction in dividends [2]. - Following the announcement, Tronox's stock price plummeted from $5.14 per share to $3.19 per share on July 31, 2025, marking a decline of approximately 38% in just one day [2]. Group 2: Class Action Details - Shareholders who purchased shares of Tronox during the class period from February 12, 2025, to July 30, 2025, are encouraged to register for the class action, with a deadline set for November 3, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights against deceit and fraud [4].
Tronox Holdings plc Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - TROX