Tronox(US:TROX) Globenewswire·2025-10-22 20:09Core 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 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 [3]. - Despite optimistic long-term projections, the company's forecasting processes failed, resulting in declining sales and increased costs, which ultimately derailed revenue projections [3]. Financial Impact - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales for the second quarter, attributing the decline to a softer coatings season and increased competition [3]. - Following this 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 just 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 shareholders to seek lead plaintiff status is November 3, 2025, and there is no cost or obligation to participate [4].