TMC Investors Have Opportunity to Lead TMC the metals company Inc. Securities Fraud Lawsuit | PR Newswire [Video]

, /PRNewswire/ — Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC).

Class Period: May 12, 2023 – March 25, 2024

Lead Plaintiff Deadline: January 7, 2025

Investors suffering losses on their TMC investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-638-4847 or by email to [email protected].

The complaint filed allegesthat, throughout the Class Period, Defendants failed to disclose to investors that: (1) TMC maintained deficient internal controls over financial reporting; (2) as a result, the Company inaccurately classified the sale of future revenue attributable to the LCR Partnership as deferred income rather than debt; (3) the foregoing misclassification, when it became known, would require TMC to restate one or more of its previously issued financial statements; and …