CLASS ACTION UPDATE for TMC, ONTF and SNAP: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
LOS ANGELES, CA / ACCESSWIRE / November 16, 2021 /Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
TMC Shareholders Click Here:https://www.zlk.com/pslra-1/tmc-the-metals-company-inc-loss-submission-form?prid=21254&wire=1
ONTF Shareholders Click Here:https://www.zlk.com/pslra-1/on24-inc-loss-submission-form?prid=21254&wire=1
SNAP Shareholders Click Here:https://www.zlk.com/pslra-1/snap-inc-loss-submission-form?prid=21254&wire=1
* ADDITIONAL INFORMATION BELOW *
TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. (NASDAQ:TMC)
TMC Lawsuit on behalf of: investors who purchased March 4, 2021 - October 5, 2021
Lead Plaintiff Deadline: December 27, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tmc-the-metals-company-inc-loss-submission-form?prid=21254&wire=1
According to the filed complaint, during the class period, TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had significantly overpaid for the Tongo Offshore Mining Limited acquisition to undisclosed insiders; (2) the Company had artificially inflated its Nauru Ocean Resources Inc. ("NORI") exploration expenditures to give investors a false scale of its operations; (3) the Company's purported 100% interest in NORI was questionable given prior disclosures to the International Seabed Authority that NORI was wholly owned by two Nauruan foundations and that all future income from NORI would be used in Nauru; (4) Defendants had significantly downplayed the environmental risks of deep-sea mining polymetallic nodules and failed to adequately warn investors of the regulatory risks faced by the Company's environmentally risky exploitation plans; (5) the Company's PIPE financing was not fully committed and, therefore, the Company would not have the cash necessary for large sale commercial production; (6) as a result of the foregoing, the Company's valuation was significantly less than Defendants disclosed to investors; and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
On24, Inc. (NYSE:ONTF)
This lawsuit is on behalf of persons and entities who also acquired ON24's shares pursuant and traceable to the Company's February 2, 2021, initial public offering.
Lead Plaintiff Deadline: January 3, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/on24-inc-loss-submission-form?prid=21254&wire=1
According to the filed complaint, the surge in COVID-19 customers observed in the lead up to the IPO consisted of a significant number that did not fit ON24's traditional customer profile, and, as a result, were significantly less likely to renew their contracts.
Snap Inc. (NYSE:SNAP)
SNAP Lawsuit on behalf of: investors who purchased July 22, 2020 - October 21, 2021
Lead Plaintiff Deadline: January 10, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/snap-inc-loss-submission-form?prid=21254&wire=1
According to the filed complaint, during the class period, Snap Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Apple's privacy changes would have, and were having, a material impact on the Company's advertising business; (2) Snap overstated its ability to transition its advertising with Apple's privacy changes; (3) Snap knew of, but downplayed, the risks of the impact that Apple's privacy changes had on the Company's advertising business; (4) Snap overstated its commitment to privacy; and (5) as a result of the foregoing, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
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