Newmont Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 1, 2025 to Discuss Your Rights - 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, 2024 and October 23, 2024. The lawsuit stems from Newmont's press release on October 23, 2024, which disclosed disappointing EBITDA results, lower production, and increased operating costs at two Tier 1 assets. Following this announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 26, 2025 | 1:45 am
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Newmont Corporation is facing a class action lawsuit alleging securities fraud, which could potentially impact investor confidence and stock performance.
The lawsuit alleges securities fraud during a specific period, which could lead to potential financial penalties, legal costs, and reduced investor trust. The significant stock price drop following the earnings announcement suggests market sensitivity to the disclosed issues.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100