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Kessler Topaz Meltzer & Check, LLP - Class Action Announcement for Newmont Corporation Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Newmont Corporation
NewmontNewmont(US:NEM) GlobeNewswire News Roomยท2025-02-25 14:55

Core Viewpoint - A securities class action lawsuit has been filed against Newmont Corporation for allegedly making false and misleading statements regarding its business operations and financial prospects during the specified Class Period from February 22, 2024, to October 23, 2024 [1]. Group 1: Allegations Against Newmont - The complaint claims that Newmont was unable to increase gold production at its Tier 1 operations, specifically at Lihir and Brucejack [3]. - It is alleged that Newmont experienced higher operating costs across its mining operations [3]. - The statements made by Newmont regarding its business and operational prospects were deemed materially false and misleading, lacking a reasonable basis throughout the Class Period [3]. Group 2: Legal Process for Investors - Newmont investors have until April 1, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]. - The firm encourages Newmont investors who have suffered significant losses to contact them for more information [5].