Boston, Massachusetts--(Newsfile Corp. - November 10, 2021) - Block & Leviton announces that a class action lawsuit has been filed against TMC the metals company, Inc. (NASDAQ: TMC) for potential securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firmto learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/tmc.
What is this all about?
On October 6, 2021, short seller Bonitas Research issued a report alleging problems at TMC the metals company, Inc., indicating the Company overpaid on exploration licenses to potential undisclosed insiders, including paying $43 million for a potentially unusable license, and artificially inflated its exploration expenses.
TMC the metals company, went public via a deSPAC transaction with blank check company Sustainable Opportunities Investment Corporation in September 2021.
On this news, shares of TMC the metals company, fell over 6% in intraday trading on October 6, 2021.
Who is eligible?
Anyone who purchased TMC the metals company, Inc. stock between March 4, 2021 and October 5, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is December 27, 2021. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102805
