Newmont(NEM) Prnewswire·2025-03-20 17:23Core 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 lawsuit claims that Newmont failed to disclose material adverse facts about its business, including its inability to increase gold production at key operations such as Lihir and Brucejack [2]. - It is alleged that Newmont experienced higher operating costs across its mining operations, which were not communicated to investors [2]. - The statements made by Newmont regarding its business and operational prospects are claimed to be materially false and misleading, lacking a reasonable basis throughout the Class Period [2]. Group 2: Lead Plaintiff Process - Investors in Newmont have until April 1, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent class members [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages Newmont investors who have suffered losses to contact them for more information regarding the lawsuit [4].