Newmont Corporation Class Action: The Gross Law Firm Reminds Newmont Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 1, 2025 – NEM
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The Gross Law Firm has announced a class action lawsuit against Newmont Corporation (NEM) for alleged misleading financial disclosures. The lawsuit stems from Newmont's October 23, 2024 press release revealing lower production and higher costs at two Tier 1 assets, which caused the stock price to drop from $57.74 to $49.25 in one day. The class period is from February 22, 2024 to October 23, 2024, with a lead plaintiff deadline of April 1, 2025.
March 26, 2025 | 3:30 pm
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The class action lawsuit alleges Newmont misled investors about its financial performance, potentially impacting investor confidence and stock valuation.
The lawsuit directly targets Newmont, alleging misleading financial disclosures that caused a significant stock price drop. This could lead to potential financial settlements, legal costs, and reduced investor confidence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100