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 lower production and higher costs at two Tier 1 mining assets, which caused the stock price to drop from $57.74 to $49.25 per share.
March 20, 2025 | 6:00 pm
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The class action lawsuit alleges securities fraud related to Newmont's Q3 2024 financial performance, potentially exposing the company to financial penalties and reputational damage.
The lawsuit directly targets Newmont, alleging securities fraud during a specific time frame. The significant stock price drop and legal action suggest potential negative short-term implications for the company's stock performance and investor confidence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100