Los Angeles - 
(NewMediaWire) - November 29, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against TMC the metals company Inc. f/k/a Sustainable Opportunities
Acquisition Corp. (“TMC” or “the Company”) (NASDAQ: TMC, TMCWW) (NYSE:
SOAC, SOAC.U, SOACWS) for violations
of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities
between March 4, 2021, and October 5, 2021, inclusive (the ''Class Period''), are
encouraged to contact the firm before December 27, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made
false and misleading statements to the market. TMC overpaid for the acquisition
of Tonga Offshore Mining Limited (“TOML”), which was owned by insiders. The
Company created a false scale of operations by artificially inflating exploration
expenditures associated with Nauru Ocean Resources Inc. (“NORI”). The Company’s
claim of 100% interest in NORI was dubious based on prior disclosures to the
International Seabed Authority (“ISA” or the “Authority”) that NORI was owned
by two Nauruan foundations. The Company failed to fully commit its private
investment in public equity (“PIPE”) financing, meaning it would not have the
cash available for large scale production efforts. Based on these facts, the
Company’s public statements were false and materially misleading throughout the
class period. When the market learned the truth about TMC, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
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