Newmont Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before April 1, 2025 to Discuss Your Rights - NEM
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The Gross Law Firm has initiated a securities class action lawsuit against Newmont Corporation (NEM) for alleged securities law violations during the period of February 22, 2024 to October 23, 2024. The lawsuit stems from Newmont's press release on October 23, 2024, which revealed disappointing EBITDA results, lower production, and higher operating costs at two Tier 1 assets. Following this announcement, NEM's stock price dropped from $57.74 to $49.25 per share.
March 27, 2025 | 10:00 am
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Newmont Corporation is facing a securities class action lawsuit that could impact investor confidence and potentially result in financial penalties or settlements.
The lawsuit alleges material misrepresentations about financial performance, which could lead to potential financial and reputational damages for Newmont. The significant stock price drop and the specific allegations suggest potential negative short-term market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100