Tronox(US:TROX) Prnewswireยท2025-09-18 12:45Core Viewpoint - Tronox Holdings plc is facing a class action lawsuit due to allegations of providing misleading statements about its financial health and market forecasts, leading to a significant drop in stock price following disappointing financial results [2][3]. Summary by Sections Allegations - The complaint against Tronox claims that the company made overly positive statements while concealing material adverse facts about its commercial division and demand forecasting for its products [2]. - Despite ambitious long-term projections, Tronox's sales continued to decline, and costs increased, which ultimately affected revenue projections [2]. Financial Impact - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales, attributing the decline to a weaker coatings season and increased competition [2]. - Following the announcement, Tronox revised its 2025 financial outlook, lowering full-year revenue guidance and cutting its dividend by 60% [2]. - The stock price plummeted from $5.14 per share on July 30, 2025, to $3.19 per share on July 31, 2025, marking a decline of approximately 38% in one day [2]. Class Action Details - Shareholders who purchased shares during the class period from February 12, 2025, to July 30, 2025, are encouraged to register for the class action, with a lead plaintiff deadline set for November 3, 2025 [3]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [3].