Tronox(US:TROX) Prnewswire·2025-10-09 12:45Core Viewpoint - Tronox Holdings plc (NYSE: TROX) is facing a class action lawsuit due to allegations of misleading statements regarding its financial performance and demand forecasting for its products, leading to a significant drop in stock price [1][2]. Summary by Sections Allegations - Defendants allegedly provided overly positive statements while concealing material adverse facts about Tronox's ability to forecast demand for its pigment and zircon products [1]. - Despite optimistic long-term projections, Tronox's sales continued to decline, and costs increased, which derailed the company's revenue forecasts [1]. - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales, attributing the decline to a softer coatings season and increased competition [1]. Financial Impact - Following the announcement of poor financial results, Tronox revised its 2025 financial outlook, lowering full-year revenue guidance and cutting 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 one day [1]. 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 [2]. - The deadline for seeking lead plaintiff status is November 3, 2025, and there is no cost to participate in the case [2].