Shareholders that lost money on Newmont Corporation (NEM) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
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Levi & Korsinsky law firm is initiating a class action lawsuit against Newmont Corporation (NEM) for alleged securities fraud between February 22 and October 23, 2024. The lawsuit stems from Newmont's press release revealing disappointing Q3 2024 financial results, including lower production and higher operating costs at two Tier 1 assets, which caused the stock price to drop from $57.74 to $49.25.
March 27, 2025 | 5:00 pm
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The class action lawsuit alleges securities fraud during Q3 2024, focusing on Newmont's disclosure of lower production and higher costs at key mining assets, which triggered a significant stock price decline.
The lawsuit directly targets Newmont, alleging securities fraud. The legal action and associated negative publicity could impact investor sentiment, potentially leading to continued stock price pressure. The significant stock drop and specific allegations of misleading financial guidance suggest potential ongoing challenges for the company.
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IMPORTANCE 85
RELEVANCE 100