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6h ago

Tronox Investors Face Nov. 3 Deadline in Securities Suit Over Forecasting Allegations

The case follows a 38% one-day drop after Tronox reported weak Q2 results with a 60% dividend cut.

Overview

  • Plaintiff firms Levi & Korsinsky and Faruqi & Faruqi are soliciting investors and potential whistleblowers tied to the filed federal class action.
  • The complaint covers purchases between early February 2025 and July 30, 2025, alleging misleading statements about demand forecasting for TiO2 pigment and zircon.
  • Tronox disclosed on July 30 a significant decline in TiO2 sales and cited a softer coatings season and heightened competition.
  • The company lowered its 2025 outlook and reduced its dividend by 60%, after which the stock fell from $5.14 to $3.19 on July 31.
  • Investors may seek appointment as lead plaintiff by November 3, 2025, with the role going to the movant with the largest financial interest who is adequate and typical.