Newmont(NEM) Prnewswire·2025-03-07 10:46Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 22, 2024, and October 23, 2024 [1] Group 1: Lawsuit Details - The lawsuit was initiated following Newmont's announcement on October 23, 2024, which disclosed disappointing EBITDA for Q3 2024, alongside decreases in production and increases in operating costs [2] - Newmont's press release indicated that mining operations at its two Tier 1 assets would experience lower production than previously guided, with expectations of higher costs [2] - Following the announcement, Newmont's stock price dropped from 49.25 per share on October 24, 2024 [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until April 1, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a 20-year history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]