Newmont Corporation Class Action: Important Information Ahead

Author: Owen Jenkins Updated: 03-10-2025 05:58 AM

Newmont Corporation Class Action Overview

Attention shareholders of Newmont Corporation (NYSE: NEM): a class action has been initiated, and it's critical for you to be informed about the details.

Who Should Join the Class Action?

If you are one of the shareholders who bought shares during the specified class period, it is advisable to reach out regarding potential lead plaintiff appointments. Being appointed as a lead plaintiff is voluntary and is not necessary to partake in the recovery process.

Class Period Timing

CLASS PERIOD: For your reference, the class period spans from February 22, 2024 to October 23, 2024. Those who purchased NEM shares within this timeframe are encouraged to take action.

Key Allegations Against Newmont Corporation

The allegations state that on October 23, 2024, Newmont Corporation disclosed disappointing third-quarter earnings, which revealed reduced production and increased operating costs. The announcement indicated that the mining operations at two of Newmont's main assets would yield lower output than previously expected, alongside projections of heightened costs. This significant revelation led to a drop in Newmont's stock price, falling from $57.74 on October 23, 2024 to $49.25 the following day.

The Importance of Timely Action

DEADLINE: April 1, 2025. Shareholders should act promptly to register their details for participation in this class action. This ensures you have the opportunity to be involved.

Next Steps for Shareholders

After registering as a shareholder who acquired shares during the indicated period, you will gain access to portfolio monitoring services. These services will keep you informed about the status of the case as it progresses. Remember, the substitution for lead plaintiff must occur by April 1, 2025, and participation in the case holds no financial burden for you.

Why Choose the Gross Law Firm?

The Gross Law Firm stands out as a nationally recognized firm dedicated to defending the rights of investors. The firm's mission involves safeguarding stakeholders against deceit, fraud, and illegal business acts. Committed to corporate integrity, Gross Law Firm seeks to recover losses for investors due to misleading statements or significant omissions from companies, which may have inflated stock values unfairly.

Contact Information

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Phone: (646) 453-8903

Frequently Asked Questions

What is the class action about?

The class action addresses allegations against Newmont Corporation regarding misleading financial disclosures and their impact on shareholders.

Who can participate in the class action?

Shareholders who purchased shares of Newmont Corporation (NEM) from February 22, 2024, to October 23, 2024, can participate.

What is the deadline to register?

The deadline for shareholders to register for this class action is April 1, 2025.

Do I have to be a lead plaintiff to benefit?

No, you do not need to be appointed as a lead plaintiff to recover any potential losses.

How does the Gross Law Firm protect investors?

The Gross Law Firm advocates for investors' rights and seeks recovery for losses caused by false or misleading information from companies.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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