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 This email address is being protected from spambots. You need JavaScript enabled to view it.: This email address is being protected from spambots. You need JavaScript enabled to view it., 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
This email address is being protected from spambots. You need JavaScript enabled to view it.
310-692-8883
www.portnoylaw.com
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