Deep-sea miner TMC the Metals Co. is facing a proposed class action for allegedly misleading investors over its debt levels in filings with the SEC that the company later revised.
The complaint, filed Nov. 8 in the US District Court for the Central District of California, seeks to represent a class of people who acquired TMC securites between May 12, 2023, and March 25, 2024. It was filed against the company and its top executives.
According to the complaint, TMC disclosed in a March 25 filing with the Securities and Exchange Commission that the company’s financial statements for the ...
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