Tronox(US:TROX) Prnewswire·2025-09-29 12:45Core 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 following disappointing financial results [1][2]. Summary by Sections Allegations and Financial Impact - The lawsuit claims that Tronox made overly positive statements while concealing adverse facts about its ability to forecast demand for its products, particularly TiO2 and zircon [1]. - Following the announcement of a significant reduction in TiO2 sales for Q2 2025, attributed to a weaker coatings season and increased competition, Tronox lowered its full-year revenue guidance and cut its dividend by 60% [1]. - 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 just one day [1]. 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 deadline for lead plaintiff appointment set for November 3, 2025 [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Law Firm's Commitment - The Gross Law Firm, which is handling the case, emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].