Newmont Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 1, 2025 to Discuss Your Rights - NEM
Portfolio Pulse from
A class action securities lawsuit has been filed against Newmont Corporation, alleging securities fraud between February 22, 2024, and October 23, 2024. The lawsuit stems from Newmont's press release on October 23, 2024, which disclosed disappointing EBITDA results, lower production, and increased operating costs at two Tier 1 assets. Following this announcement, Newmont's stock price dropped from $57.74 to $49.25 per share.
March 28, 2025 | 10:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The class action lawsuit alleges securities fraud during a specific period in 2024, potentially exposing Newmont to financial and reputational risks. The lawsuit centers on the company's disclosure of lower production and higher costs at key mining assets.
The lawsuit directly targets Newmont, alleging securities fraud. The significant stock price drop and potential legal costs could negatively impact investor sentiment and the company's financial standing.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100