Levi & Korsinsky Notifies Newmont Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - NEM
Portfolio Pulse from
Levi & Korsinsky law firm has filed a class action securities lawsuit against Newmont Corporation, alleging 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 at two Tier 1 assets. Following the announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 28, 2025 | 8:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The class action lawsuit alleges securities fraud, focusing on Newmont's Q3 2024 financial performance and disclosure practices. The legal action could result in potential financial penalties and reputational damage.
The lawsuit directly targets Newmont's financial reporting and could lead to potential financial settlements, legal costs, and investor confidence erosion. The significant stock price drop and specific allegations of misleading information suggest potential negative short-term market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100