Tronox(US:TROX) Globenewswireยท2025-10-13 20:00Core 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 [3][4]. Summary by Sections Allegations - The complaint alleges that Tronox made overly positive statements while concealing material adverse facts about its commercial division and sales forecasts for its pigment and zircon products [3]. - Despite optimistic long-term projections, Tronox's forecasting processes failed, resulting in declining sales and increased costs, which derailed revenue projections [3]. Financial Impact - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales, attributing the decline to a softer coatings season and heightened competition [3]. - Following the announcement, Tronox revised its 2025 financial outlook, lowering full-year revenue guidance and cutting its dividend by 60% [3]. - 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 [3]. 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 [4]. - The deadline for seeking lead plaintiff status is November 3, 2025, and there is no cost to participate in the case [4].