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 third quarter 2024 EBITDA, lower production, and higher operating costs, which caused the stock price to drop from $57.74 to $49.25 per share.
March 27, 2025 | 5:00 pm
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The class action lawsuit alleges securities fraud during Q3 2024, focusing on Newmont's disappointing financial performance and stock price decline.
The lawsuit directly targets Newmont, alleging securities fraud. The legal action could result in financial penalties, reputational damage, and potential settlement costs. The significant stock price drop and specific allegations suggest material concerns about the company's financial reporting and transparency.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100