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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Newmont Corporation of Class Action Lawsuit and Upcoming Deadlines - NEM

1. Class action lawsuit filed against Newmont for alleged securities fraud. 2. Investors can join the lawsuit if they purchased securities during the Class Period. 3. October 2024 saw a 14.7% stock drop after poor financial results announced.

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FAQ

Why Bearish?

The ongoing lawsuit and poor performance can deter investors, impacting stock price negatively.

How important is it?

Legal issues and operational performance significantly impact investor sentiment towards NEM.

Why Short Term?

Immediate litigation outcomes can affect market perception, influencing stock price quickly.

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NEM
NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Newmont Corporation ("Newmont" or the "Company") (NYSE:NEM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Newmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until April 1, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Newmont securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] On October 23, 2024, Newmont issued a press release announcing disappointing financial and operating results for the third quarter of 2024, including decreases in production and increases in operating costs. Among other items, Newmont revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at theses facilities. On this news, Newmont's stock price fell $8.49 per share, or 14.7%, to close at $49.25 per share on October 24, 2024. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. SOURCE Pomerantz LLP

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