Investors who lost money on Newmont Corporation(NEM) should contact The Gross Law Firm about pending Class Action - NEM
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The Gross Law Firm has initiated a class action lawsuit against Newmont Corporation (NEM) for allegedly misleading investors about its financial performance. The lawsuit covers the period from February 22, 2024 to October 23, 2024, following a press release that revealed lower production and higher costs at two Tier 1 mining assets, which caused the stock price to drop from $57.74 to $49.25 in one day.
March 20, 2025 | 5:15 pm
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The class action lawsuit alleges Newmont misled investors about its Q3 2024 financial performance, potentially exposing the company to financial penalties and reputational damage.
The lawsuit directly targets Newmont, alleging misleading financial communications that caused significant stock price decline. Legal action could result in financial penalties, increased regulatory scrutiny, and potential investor confidence erosion.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100