Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Newmont Corporation
New York, NY – March 7, 2025
Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, has announced the filing of a class action lawsuit against Newmont Corporation (“Newmont” or “the Company”) (NYSE: NEM) and certain of its officers. The lawsuit alleges that the Company and its officers violated the federal securities laws during the period from February 22, 2024, to October 23, 2024.
Class Definition
The class action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Newmont securities during the aforementioned period (the “Class Period”). The complaint alleges that the defendants made false and misleading statements and failed to disclose material information to investors.
Allegations
The complaint alleges that Newmont and its officers made false and misleading statements regarding the Company’s financial condition, business prospects, and operational capabilities. Specifically, the lawsuit alleges that the defendants failed to disclose the following:
- Significant declines in gold production and reserves
- Cost overruns and operational challenges at certain mining sites
- Weakened market conditions for gold and other minerals
As a result of these alleged misrepresentations, Newmont’s stock traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased or otherwise acquired Newmont securities during the Class Period, you may be eligible to participate in the class action lawsuit. You are encouraged to contact Bronstein, Gewirtz & Grossman, LLC to discuss your rights and potential remedies as a member of the class.
Global Implications
The filing of this class action lawsuit against Newmont has significant implications for the mining industry as a whole, as it highlights the importance of transparency and accurate reporting for publicly traded companies. Investors rely on truthful and complete information when making investment decisions, and companies that fail to provide this information can face serious consequences.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of a class action lawsuit against Newmont Corporation and its officers is a reminder of the importance of transparency and accurate reporting for publicly traded companies. If you purchased Newmont securities during the Class Period, you may be eligible to participate in the lawsuit and recover damages. For more information, please contact Bronstein, Gewirtz & Grossman, LLC.
The mining industry and investors worldwide will be closely watching the outcome of this case as it sets a precedent for holding companies accountable for their disclosures.
