Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Newmont Corporation (NEM) Shareholders
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Levi & Korsinsky law firm has filed a securities class action lawsuit against Newmont Corporation (NEM) alleging securities fraud between February 22 and October 23, 2024. The lawsuit stems from Newmont's press release revealing disappointing Q3 2024 EBITDA, lower production, and higher operating costs at two Tier 1 assets. Following the announcement, NEM's stock price dropped from $57.74 to $49.25 per share.
March 26, 2025 | 4:15 am
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The lawsuit alleges securities fraud during Q3 2024, focusing on misleading financial guidance and subsequent stock price decline. Shareholders are being invited to join the class action for potential recovery.
The lawsuit directly targets Newmont's financial reporting, which could lead to potential financial penalties, reputational damage, and investor uncertainty. The significant stock price drop indicates market skepticism about the company's performance and transparency.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100