Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ:TMC) have violated federal securities laws. If you are a TMC shareholder, you are encouraged to contact Scott+Scott attorney Rhiana Swartz for additional information at (844) 818-6980 or firstname.lastname@example.org.
On October 6, 2021, Bonitas Research published a report with several allegations against TMC. The report alleged: (1) overpayment on licenses to potential undisclosed insiders; (2) artificially inflated exploration expenses; (3) potentially unusable license for which TMC paid $43 million in cash and stock; and (4) a history of affiliating with bad actors. Following this news, TMC stock dropped 4% hitting a low of $3.98 per share in pre-market hours on October 6, 2021.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
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