#United States #New York #Levi & Korsinsky #Securities Fraud #Newmont Corporation

Newmont Corporation Securities Fraud Class Action

Investors in Newmont Corporation, listed under the ticker NEM on the NYSE, should be aware that a class action lawsuit related to securities fraud has been initiated by Levi & Korsinsky, LLP. The lawsuit seeks to advocate for those who incurred financial losses between February 22, 2024, and October 23, 2024, due to alleged inaccuracies and misleading statements regarding the company’s financial health and operational performance.

Understanding the Class Action Lawsuit

The legal proceedings are primarily aimed at recovering damages for shareholders adversely affected by the alleged fraud. According to the lawsuit details, Newmont disclosed disappointing EBITDA results for the third quarter of 2024 on October 23, which coincided with a significant drop in its stock price. Prior to this announcement, Newmont's shares closed at $57.74, but plummeted to $49.25 the following trading day, marking a notable decline in investor value.

This class action lawsuit underscores the importance of transparency and accountability in corporate reporting, particularly for publicly traded companies like Newmont. The allegations suggest that the company experienced production decreases and escalating operational costs, primarily affecting its two Tier 1 assets, which were previously expected to maintain higher production levels.

Key Dates for Investors

Investors who believe they have experienced losses due to the alleged misconduct must act quickly, as April 1, 2025, marks the deadline to formally request the court to appoint them as lead plaintiffs in the case. However, it’s essential to note that participating in the lawsuit and being eligible for any recovery does not require a claimant to serve in this lead plaintiff capacity.

No Financial Burden for Class Members

One of the most significant aspects of this class action is that involved shareholders can participate without any out-of-pocket expenses. If you are deemed a member of the class, you may be entitled to compensation without incurring fees or costs to file the claim. This arrangement is designed to lower the barriers for shareholders looking to seek redress.

Levi & Korsinsky's Proven Track Record

Levi & Korsinsky has established a reputation over the last two decades for successfully advocating on behalf of shareholders. The firm has secured settlements amounting to hundreds of millions and consistently earns a place among the top firms in the country specializing in securities litigation. This extensive experience positions them well to navigate the complexities of this class action lawsuit.

Their team of over 70 professionals is dedicated to representing investors, ensuring comprehensive support throughout the legal process. If you are an affected Newmont investor, contacting Levi & Korsinsky may provide you with the necessary guidance to understand your rights and potential compensation pathways.

Contact Information

Investors wishing to learn more about their rights and the class action can reach out to the legal team at Levi & Korsinsky. Joseph E. Levi, Esq., and Ed Korsinsky, Esq., are available by email and phone for inquiries regarding the lawsuit.

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Website: www.zlk.com

This lawsuit represents a significant opportunity for investors affected by Newmont’s specific operational and market challenges to reclaim some of their lost investments.

Final Thoughts

As this situation evolves, staying informed and proactive is crucial for Newmont investors. Keeping track of developments regarding the class action is vital for those looking to defend their interests in light of these allegations.