LOS ANGELES, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises TMC the metals company, Inc. ("TMC" or the "Company") (NASDAQ: TMC) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation focuses on whether TMC issued misleading and/or false statements and/or failed to disclose information pertinent to investors. TMC is the subject of a report which was published by Bonitas Research on October 6, 2021. Serious problems within TMC are alleged in this report, including overpayment on licenses to potentially undisclosed insiders; artificial inflation of the TMC’s exploration expenses; a license that cost TMC $43 million in cash and stock that was potentially unusable. Shares of TMC dropped more than 6.6% in intraday trading, based on this news.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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