Attention Newmont Corporation Investors
If you have invested in Newmont Corporation (NYSE: NEM), there is important news you need to be aware of. Levi & Korsinsky, LLP has begun notifying Newmont's investors about a class action securities lawsuit. This legal action aims to recuperate losses for those investors who were negatively impacted by alleged securities fraud. The designated period for this misconduct spans from February 22, 2024, to October 23, 2024.
Class Action Overview
The lawsuit fundamentally seeks justice for those who experienced significant financial loss during the specified timeframe. A serious allegation arises from a press release issued by Newmont on October 23, 2024, where the company disclosed disappointing third-quarter EBITDA highlights. The report indicated lower-than-expected production and an increase in operational costs. It was mentioned that mining operations at two major assets would be producing less than initially projected, with expected higher costs, severely affecting the company's profitability.
This unfortunate disclosure led to a drop in Newmont's stock price from $57.74 per share on October 23, 2024, to $49.25 per share the following day, raising concerns among shareholders regarding the company's financial integrity and future stability.
Important Dates and Next Steps
Investors who believe they are affected should take immediate action. You have until April 1, 2025, to contact Levi & Korsinsky to request your appointment as a lead plaintiff in this case. You do not need to serve in this role to partake in any potential recovery associated with the allegations.
It is crucial to note that there is no financial obligation for class members wishing to participate; eligible individuals may receive compensation without any out-of-pocket costs. This means you can be involved without risking your finances while potentially recovering your losses.
Why Choose Levi & Korsinsky?
Levi & Korsinsky has a proven track record over the last two decades, successfully securing hundreds of millions of dollars for investors and clients facing adverse financial situations. With a dedicated team of over 70 members and extensive experience in handling complex securities litigation, the firm has repeatedly ranked as one of the leading securities litigation firms in the United States, according to ISS Securities Class Action Services.
Contact Information
For inquiries regarding the Newmont Corporation class action lawsuit, do not hesitate to reach out to Joseph E. Levi, Esq. or Ed Korsinsky, Esq. through:
- - Email: contact@zlk.com
- - Phone: (212) 363-7500
- - Fax: (212) 363-7171
- - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
For more details, visit
Levi & Korsinsky's official website.
This notification is an essential call for action to ensure that shareholders of Newmont Corporation are aware of their rights and the potential for recovery amid the unfolding legal scenario. Don't miss the opportunity to seek justice for your investment losses.