Class Action Lawsuit Filed Against Newmont Corporation: Investors Urged to Contact Levi & Korsinsky, LLP
New York, NY, March 13, 2025 – Levi & Korsinsky, LLP announces that a class action securities lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM).
The complaint alleges that Newmont Corporation issued materially false and misleading statements to the public, violating securities laws. Specifically, the complaint alleges that defendants failed to disclose: (1) that Newmont’s gold reserves were overstated due to inadequate exploration and mining methods; (2) that Newmont’s gold mines faced increasing operational and environmental challenges; and (3) that as a result of the foregoing, Newmont’s financial statements were materially false and misleading at all relevant times.
Impact on Individual Investors
If you purchased or otherwise acquired Newmont Corporation securities between February 24, 2021 and February 24, 2025, you may be entitled to recover damages as a result of Newmont’s violations of the federal securities laws. You are not required to act as a lead plaintiff in order to participate in the class action.
To get more information about this class action, contact Levi & Korsinsky, LLP toll-free at 800-315-3851 or by email at [email protected]. You can also fill out the form on the firm’s website: https://www.zlk.com/contact-us/
Impact on the World
The lawsuit against Newmont Corporation could have far-reaching implications for the mining industry as a whole. The allegations of overstated gold reserves and operational challenges could lead to increased scrutiny of other mining companies and their reporting practices. This could result in increased regulatory oversight and potential financial losses for investors in the sector.
Moreover, the lawsuit could impact Newmont’s reputation and investor confidence. The company has been a major player in the gold mining industry for over a century, and any negative publicity could lead to decreased demand for its securities and potentially lower stock prices.
Conclusion
The filing of a class action securities lawsuit against Newmont Corporation is a significant development for investors and the mining industry. Those who purchased Newmont securities between February 24, 2021 and February 24, 2025, may be entitled to recover damages as a result of the Company’s alleged violations of securities laws. The potential implications for the mining industry as a whole and for Newmont’s reputation and investor confidence are also noteworthy. If you are a Newmont investor, it is important to stay informed about this developing situation.
Levi & Korsinsky, LLP is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, accounting fraud, and consumer protection violations. For more information, please contact Levi & Korsinsky, LLP.
