Tronox(US:TROX) Globenewswire·2025-09-29 20:16Core Insights - 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, particularly regarding its TiO2 and zircon products [3][4]. Company Overview - The class period for the lawsuit is from February 12, 2025, to July 30, 2025, during which shareholders are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [3][4]. - The lawsuit claims that Tronox made overly optimistic statements while concealing adverse facts about its commercial division, leading to a significant decline in sales and increased costs [3]. Financial Performance - On July 30, 2025, Tronox reported a substantial drop in TiO2 sales, attributing the decline to a weaker coatings season and increased competition [3]. - Following the disappointing financial results, Tronox revised its 2025 revenue guidance downward and cut its dividend by 60% [3]. - The company's 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 [3]. Legal Proceedings - Shareholders have until November 3, 2025, to register for the class action lawsuit, with no cost or obligation to participate [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5].