Newmont(US:NEM) Prnewswireยท2025-03-28 09:45Core Viewpoint - Newmont Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected 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 stock price dropped significantly from $57.74 per share on October 23, 2024, to $49.25 per share on October 24, 2024, reflecting investor reaction to the negative news [2] Group 2: Investor Participation - Investors who suffered losses during the specified timeframe have until April 1, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3] Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for shareholders and being recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]