#USA #New York #Levi & Korsinsky #Newmont Corporation #NEM

Newmont Corporation's Legal Troubles: Class Action Lawsuit Overview

On February 11, 2025, a significant announcement was made by Levi & Korsinsky, LLP regarding Newmont Corporation (NYSE: NEM) and a class action securities lawsuit that impacts its investors. This lawsuit has emerged from claims of alleged securities fraud that occurred between February 22, 2024, and October 23, 2024.

Background of the Case

The lawsuit's core revolves around fiscal details disclosed by Newmont on the 23rd of October in 2024. The company reported disheartening third-quarter EBITDA highlights, which included decreases in production rates alongside increased operational expenses. Notably, the situation at two of Newmont's Tier 1 mining assets appeared to deviate from previous production forecasts, raising concerns with stakeholders.

As a result of this negative financial disclosure, Newmont's share price plummeted, dropping from $57.74 per share at the close on October 23 to $49.25 per share the following day. This drastic decrease underscored the importance of the lawsuit as it seeks to recover the losses suffered by investors who were adversely affected by these revelations.

What You Need to Know

Investors in Newmont are encouraged to reach out to Levi & Korsinsky if they believe their investments were impacted. The legal team is prepared to discuss rights and options available to affected parties. Furthermore, the firm emphasizes that participation in the lawsuit does not necessitate acting as a lead plaintiff, providing broader access for investors who have suffered losses.

The critical deadline for interested parties is April 1, 2025; this is the date by which individuals must request to be appointed as lead plaintiffs. It is noteworthy that joining the case comes at no personal cost, as class members are eligible for potential compensation while avoiding out-of-pocket expenses.

The Reputation of Levi & Korsinsky

Levi & Korsinsky's extensive experience in securities litigation is noteworthy, boasting a track record of recovering hundreds of millions of dollars for shareholders over the past two decades. The firm is recognized for representing investors in complex securities lawsuits, with a dedicated team of over 70 professionals ready to assist clients in navigating their legal challenges. Their consistent ranking within the top 50 securities litigation firms in the U.S. for seven consecutive years emphasizes their credibility and expertise.

How to Take Action

To participate or gather more information on this class action, investors can visit Levi & Korsinsky's website to complete a submission form. Direct inquiries may also be made via email at [email protected] or by calling (212) 363-7500.

In summary, Newmont Corporation finds itself facing legal scrutiny that has significant implications for its investors. With June 2025 approaching, affected shareholders have a pressing timeline to seek redress for their potential losses in this evolving situation.

As we await further developments, it is crucial for stakeholders to stay informed and take appropriate action to protect their rights and investments.