Levi & Korsinsky Notifies Newmont Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - NEM
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Newmont Corporation, alleging securities fraud between February 22 and October 23, 2024. The lawsuit stems from Newmont's press release revealing disappointing Q3 EBITDA, lower production, and higher operating costs at two Tier 1 assets. Following the announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 20, 2025 | 6:00 pm
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NEGATIVE IMPACT
The class action lawsuit alleges securities fraud related to Newmont's Q3 2024 financial performance, potentially exposing the company to financial liability and reputational damage.
The lawsuit directly targets Newmont Corporation, alleging securities fraud. The significant stock price drop and potential legal damages could negatively impact investor sentiment and the company's financial standing.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100