Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Newmont Corporation
On March 25, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, announced the filing of a class action lawsuit against Newmont Corporation (“Newmont” or “the Company”) (NYSE:NEM) and certain of its officers. The lawsuit seeks to recover damages for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024.
Class Definition
The lawsuit, which was filed under the caption In re Newmont Corporation Securities Litigation, alleges that the Company and its officers made false and/or misleading statements and/or failed to disclose: (1) that Newmont’s gold production was declining; (2) that Newmont was experiencing operational challenges at its mines; and (3) that the Company’s financial statements were not accurate. As a result of these alleged false statements and omissions, Newmont securities traded at artificially inflated prices during the Class Period.
Impact on Individuals
If you purchased or otherwise acquired Newmont securities during the Class Period, you may be eligible to participate as a member of the proposed class. You may also be able to seek appointment as a lead plaintiff. The lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights and potential eligibility for compensation, you are encouraged to contact Bronstein, Gewirtz & Grossman, LLC as soon as possible.
Impact on the World
The filing of this class action lawsuit against Newmont Corporation could have far-reaching implications for the mining industry as a whole. If the allegations are proven true, it could lead to increased scrutiny of other mining companies and their reporting practices. It could also result in increased investor skepticism and a decrease in confidence in the industry. Moreover, it could lead to significant financial consequences for Newmont, including settlements, fines, and damages.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of this class action lawsuit against Newmont Corporation is a significant development for investors in the Company’s securities during the Class Period. If you purchased or otherwise acquired Newmont securities during this timeframe, you may be eligible to participate as a member of the proposed class. It is important to consult with a securities fraud attorney to discuss your rights and potential eligibility for compensation. As this lawsuit progresses, it will be important to monitor developments closely, as they could have significant implications for the mining industry and the financial markets more broadly.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Newmont Corporation and certain officers.
- Allegations include false and/or misleading statements and/or omissions regarding Newmont’s gold production, operational challenges, and financial statements.
- Class Period: February 22, 2024, to October 23, 2024.
- Individuals who purchased or otherwise acquired Newmont securities during the Class Period may be eligible to participate as a member of the proposed class.
- Lawsuit could have far-reaching implications for the mining industry and financial markets.
