#United States #New York #Class Action #Newmont Corporation #NEM

Class Action Lawsuit Filed Against Newmont Corporation

On April 1, 2025, a significant deadline looms for shareholders of Newmont Corporation (NYSE: NEM) as a class action lawsuit has been filed against the company. The Gross Law Firm has announced this legal action, urging affected shareholders to take immediate steps to ensure their rights are protected. This article details the essential information surrounding the lawsuit, including allegations, important dates, and next steps for shareholders.

Allegations Against Newmont Corporation

The class action centers around allegations stemming from a press release issued by Newmont on October 23, 2024. The release reported disappointing earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter of 2024, accompanied by unsettling news concerning lower production levels and increased operational costs. More troublingly, Newmont acknowledged that mining operations at two of its Tier 1 assets would not meet the previously anticipated production targets. As a result of this announcement, Newmont's stock suffered a sharp decline, plummeting from a closing price of $57.74 per share on October 23 to $49.25 per share the following day.

Registration Deadline

Shareholders who purchased shares of NEM between February 22, 2024, and October 23, 2024, are encouraged to register for the class action lawsuit before the impending deadline of April 1, 2025. It is essential for affected investors to act swiftly, as failing to register could forfeit their rights to participate in any potential recovery.

Steps for Affected Shareholders

To register, shareholders can visit the Gross Law Firm's dedicated registration page. Once registered, shareholders will gain access to a portfolio monitoring service that will keep them updated with case developments throughout its duration. Importantly, being appointed as a lead plaintiff is not a requirement for participation, meaning all registered shareholders will have the opportunity for recovery without needing to take on additional responsibilities in the case.

Why Choose Gross Law Firm?

The Gross Law Firm is a nationally recognized class action firm with a commitment to safeguarding the rights of investors. Their mission hinges on holding companies accountable for deceitful practices that lead to unwarranted financial losses for shareholders. Their experienced legal team aims to ensure adherence to responsible business conduct, striving for recovery on behalf of investors affected by misleading statements or omitted critical information that artificially inflates stock prices.

Contact Information

Shareholders in need of further assistance or wishing to get involved in this class action are encouraged to reach out to The Gross Law Firm. They can be contacted via email at [email protected] or by phone at (646) 453-8903. For those who prefer in-person interactions, the firm is located at 15 West 38th Street, 12th Floor, New York, NY 10018.

In conclusion, the upcoming April 1, 2025 deadline is a crucial date for affected shareholders of Newmont Corporation. By registering for the class action lawsuit, investors can take proactive measures towards protecting their rights and pursuing potential recovery for their losses. The situation underscores the importance of staying informed and engaged during significant legal proceedings that may impact shareholder interests.