1. Newmont faces a class action lawsuit for alleged securities fraud. 2. The lawsuit covers losses from February 22 to October 23, 2024. 3. Disappointing Q3 results led to a significant stock price drop. 4. Investors can claim compensation without upfront costs. 5. Levi & Korsinsky specializes in securities litigation with a strong track record.
The class action lawsuit indicates increased legal risks and potential liabilities. Similar past cases have led to prolonged stock sell-offs.
The class action highlights significant investor concerns and risks, potentially impacting future investor confidence and stock performance.
The lawsuit's immediate effects are likely to influence stock prices quickly but may stabilize over time. Historical instances show quick reactions to such news.
-- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/newmont-corporation-lawsuit-submission-form?prid=137381&wire=4
NEM investors may also contact Joseph E. Levi, Esq. via email at email@example.com or by telephone at (212) 363-7500.
According to the complaint, on October 23, 2024, Newmont published a press release announcing disappointing EBITDA third quarter 2024 highlights, in addition to decreases in production and increases in operating costs. In pertinent part, Newmont revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at these facilities. Following this news, Newmont's stock price fell from a closing market price of $57.74 per share on October 23, 2024 to $49.25 per share on October 24, 2024.
If you suffered a loss in Newmont during the relevant time frame, you have until April 1, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
email@example.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP