Newmont(NEM) Prnewswire·2025-02-04 10:45Core 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][2]. Group 1: Lawsuit Details - The lawsuit was initiated following Newmont's disappointing third quarter 2024 EBITDA highlights, which included decreased production and increased operating costs [2]. - On October 23, 2024, Newmont's stock price dropped from 49.25 per share the following day after the announcement of lower production expectations and higher costs at its Tier 1 mining assets [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 [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [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].