Investors Urged to Act Now: Join the Class Action Suit Against Newmont Corporation

Join the Class Action Against Newmont Corporation

In a significant development for shareholders, Levi & Korsinsky LLP has announced a class action lawsuit against Newmont Corporation (NYSE: NEM) aimed at recovering losses incurred by investors. This legal action arises from allegations of securities fraud that took place between February 22, 2024, and October 23, 2024. If you hold shares in Newmont and experienced financial losses during this period, it's imperative to act promptly.

Understanding the Allegations

The class action relates to disappointing performance indicators released by Newmont, particularly on October 23, 2024. In a press release, the Company reported lower-than-expected earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter, alongside decreases in production and rising operational costs. Specifically, Newmont's announcement highlighted subpar production levels at its two primary mining sites, contrary to earlier forecasts. Following this announcement, Newmont's share price plummeted from $57.74 on the announcement day to $49.25 the very next day, reflecting a stark loss in investor confidence.

Next Steps for Investors

For individuals who suffered losses due to this downturn, the deadline to join this class action suit is April 1, 2025. Interested parties can access a submission form via the following link: Join the Newmont Class Action. Additionally, those wishing to discuss their situation may contact attorney Joseph E. Levi via email or telephone.

Legal Costs and Framework

Prospective joiners in the class action suit can take solace in the fact that participation comes at no out-of-pocket expense. If eligible and approved as a class member, you may collect compensation without incurring any fees. Thus, your chance of financial recovery does not hinge on being appointed as the lead plaintiff, allowing a wider net of investors to join.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established itself as a formidable player in the field of securities litigation. With a history of recouping hundreds of millions for aggrieved shareholders, the firm boasts a robust team of over 70 professionals dedicated to managing intricate legal cases. Their consistent ranking among the top 50 securities litigation firms in the United States underscores their commitment and efficacy in handling high-stakes lawsuits.

In summary, if you held shares in Newmont Corporation and were adversely affected by the information disclosed on October 23, it’s crucial to assess your situation and consider contacting Levi & Korsinsky LLP by the upcoming deadline to potentially reclaim your losses.

For more information, reach out to:
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500