Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Newmont Corporation
On February 5, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a prominent securities litigation law firm, notified investors that a class action lawsuit had been filed against Newmont Corporation (“Newmont” or “the Company”) and certain of its officers. The lawsuit alleges that Newmont and its officers violated the federal securities laws during the period from February 22, 2024, to October 23, 2024.
Class Definition
The lawsuit, which is seeking to recover damages on behalf of all persons and entities that purchased or otherwise acquired Newmont securities during the class period, defines the class as follows:
- All persons and entities, other than Defendants and their affiliates, who purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, both dates inclusive.
Allegations Against Newmont and Its Officers
The complaint alleges that Newmont and its officers made false and misleading statements and failed to disclose material information during the class period. Specifically, the lawsuit alleges that the defendants:
- Misrepresented the Company’s financial performance and prospects.
- Failed to disclose known risks and uncertainties related to the Company’s business and operations.
- Failed to disclose material information regarding the Company’s compliance with applicable laws and regulations.
As a result of these alleged misrepresentations and omissions, Newmont’s stock traded at artificially inflated prices during the class period, causing investors to suffer significant losses when the truth was revealed.
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. The lawsuit seeks to recover damages for investors who suffered losses as a result of the defendants’ alleged securities law violations. If the lawsuit is successful, you may be entitled to a share of the damages recovered.
Impact on the World
The filing of this class action lawsuit against Newmont may have far-reaching consequences. It could lead to increased scrutiny of the Company’s business practices and financial reporting. Moreover, it could deter other companies from engaging in similar misconduct, as investors become more vigilant about the accuracy and completeness of the information they receive from publicly traded companies.
Conclusion
The filing of this class action lawsuit against Newmont Corporation is a significant development for investors who purchased or otherwise acquired Newmont securities during the class period. If the allegations are proven true, investors may be entitled to recover damages as a result of the defendants’ alleged securities law violations. The lawsuit also serves as a reminder of the importance of accurate and complete disclosures by publicly traded companies, and the need for investors to remain vigilant in protecting their investments.
If you purchased or otherwise acquired Newmont securities during the class period and wish to discuss your legal rights, you are encouraged to contact Bronstein, Gewirtz & Grossman, LLC as soon as possible. The law firm offers free consultations and has a long history of successful securities class action recoveries.
Note: This blog post is for informational purposes only and should not be construed as legal advice. The information contained herein is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.
