Faruqi & Faruqi Reminds Newmont Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 1, 2025 - NEM
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Faruqi & Faruqi, LLP is investigating a potential securities class action against Newmont Corporation (NEM) alleging false statements about gold production and operational costs. The lawsuit stems from a press release on October 23, 2024, which revealed lower than expected production at Tier 1 assets and higher operating costs, causing the stock price to drop from $57.74 to $49.25 in one day.
March 26, 2025 | 8:30 pm
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The class action lawsuit alleges Newmont made false statements about production capabilities and cost management, which could lead to potential financial and reputational damages.
The lawsuit directly targets Newmont, alleging securities law violations. The stock price drop and potential legal consequences suggest negative short-term impact.
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