Tronox(US:TROX) Prnewswireยท2025-09-25 12:45Core Viewpoint - Tronox Holdings plc (NYSE: TROX) 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 following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that Tronox made overly positive statements while concealing material adverse facts about its ability to forecast demand for its products, particularly in its commercial division [1]. - On July 30, 2025, Tronox reported a significant decline in TiO2 sales, attributing it to a weaker coatings season and increased competition, which led to a downward revision of its 2025 revenue guidance and a 60% reduction in its dividend [1]. - Following the announcement, Tronox's stock price plummeted from $5.14 per share to $3.19 per share in just one day, marking a decline of approximately 38% [1]. Group 2: Class Action Details - Shareholders who purchased shares of TROX 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 [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: Law Firm's Commitment - The Gross Law Firm, which is leading the class action, emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].