Join the Class Action Against Newmont Corporation by April 2025
Take Action: Class Action Against Newmont Corporation
Levi & Korsinsky, LLP is reaching out to investors linked to Newmont Corporation, urging them to act before the April 1, 2025 deadline for joining a class action lawsuit. This lawsuit addresses alleged securities fraud that negatively impacted many of Newmont's investors.
Understanding the Class Action
The class action aims to recover losses for those affected by claims of securities fraud between February and October of the previous year. Investors are encouraged to learn more about the specifics of the case to see if they qualify for compensation.
Details on the Allegations
The lawsuit emphasizes a significant event that occurred on October 23, 2024, when Newmont released troubling financial results for the third quarter. These results indicated disappointing earnings before interest, taxes, depreciation, and amortization (EBITDA), compounded by declines in production and increased operational costs. Investors reacted swiftly, and Newmont's share price dropped dramatically from $57.74 to $49.25 within a day.
Critical Deadline for Investors
Investors impacted by this decline have until April 1, 2025, to request the court to appoint them as lead plaintiffs in the ongoing class action. However, participation in the lawsuit does not necessitate that someone takes on the role of lead plaintiff.
Representation Without Costs
One of the significant benefits of this class action is that there are no costs for individuals wishing to join. If you are part of the class, you may receive compensation without any out-of-pocket fees.
Why Choose Levi & Korsinsky
Levi & Korsinsky brings over 20 years of experience in securities litigation. The firm has successfully secured substantial settlements for shareholders and continues to be recognized among the top firms in the industry. With a dedicated team consisting of more than 70 professionals, they are well-equipped to represent investors facing challenges like those posed by the Newmont situation.
How to Contact the Firm
Investors wanting to learn more about their rights and options can easily reach out to Levi & Korsinsky. Joseph E. Levi, Esq., and Ed Korsinsky, Esq., are leading points of contact for inquiries. They can be reached by phone at (212) 363-7500 for direct communication or through their official website.
With proven success in high-stakes cases, Levi & Korsinsky stands as a powerful ally for shareholders navigating the complexities of securities litigation, and they are ready to assist Newmont investors in reclaiming their losses.
Frequently Asked Questions
What is the purpose of the class action against Newmont Corporation?
The class action aims to recover losses for investors affected by alleged securities fraud linked to Newmont's financial performance.
Who can participate in the class action?
Any investor who suffered losses related to Newmont during the specified period may join the class action lawsuit.
What is the deadline for joining the class action?
The deadline for participation in the class action is April 1, 2025.
Will I incur costs by joining the lawsuit?
No, joining the class action comes with no out-of-pocket costs for members.
How can I contact Levi & Korsinsky for more information?
You can reach Levi & Korsinsky by phone at (212) 363-7500 or visit their website for more details.
About The Author
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