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Boston, Massachusetts--(Newsfile Corp. - October 20, 2021) - Block & Leviton is investigating TMC the metals company, Inc. (NASDAQ: TMC) for potential securities law violations. Investors who have lost money in their TMC the metals company, Inc. investment should contact the firm to 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 and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
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 firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100350