Newmont Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 1, 2025 to Discuss Your Rights - NEM
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A class action lawsuit has been filed against Newmont Corporation alleging securities fraud between February 22, 2024 and October 23, 2024. The lawsuit stems from Newmont's October 23, 2024 press release revealing disappointing EBITDA, lower production, and higher operating costs at two Tier 1 mining assets. Following this announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 26, 2025 | 10:00 pm
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The securities fraud class action lawsuit could result in financial penalties and potential reputational damage for Newmont, related to its Q3 2024 financial performance disclosure.
The lawsuit directly targets Newmont's financial reporting, alleging securities fraud during a specific period. The stock price drop and potential legal penalties could negatively impact investor sentiment and company valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100