Important Information for Newmont Corporation Investors: Rosen Law Firm Reminds Investors of Upcoming Deadline in Securities Class Action Lawsuit
On February 24, 2025, Rosen Law Firm, a leading global investor rights law firm, issued a reminder to purchasers of Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM) securities between February 22, 2024, and October 23, 2024, inclusive (the “Class Period”), of the important April 1, 2025 lead plaintiff deadline in the securities class action lawsuit filed in the United States District Court for the Southern District of New York.
Background on the Lawsuit
The complaint alleges that Newmont and certain of its top executives made false and misleading statements and failed to disclose material information during the Class Period, violating the Securities Exchange Act of 1934. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) Newmont’s gold production was declining; (2) the Company was experiencing increased costs and lower margins; and (3) as a result, the Company’s financial statements were materially false and misleading at all relevant times.
Impact on Individual Investors
If you purchased Newmont securities during the Class Period and suffered a loss, you may be eligible to act as a lead plaintiff in the securities class action lawsuit. As a lead plaintiff, you may be able to direct the litigation and participate in important decisions including whether to accept a settlement and how much to pay the attorney’s fees and expenses. You may also be able to recover damages that you incurred as a result of the defendants’ misconduct. To be a lead plaintiff, you must meet certain legal requirements. To determine whether you qualify, contact Rosen Law Firm as soon as possible.
Impact on the World
The securities class action lawsuit against Newmont is part of a larger trend of investor rights lawsuits against companies in the mining industry. In recent years, there have been several high-profile cases involving allegations of misconduct by mining companies, including Vale SA and BHP Group. These cases have raised concerns about corporate governance, transparency, and risk management in the mining sector. The outcome of the Newmont lawsuit could have significant implications for the mining industry as a whole, potentially leading to increased scrutiny and pressure on companies to improve their disclosures and business practices.
Conclusion
If you purchased Newmont securities during the Class Period and believe you have suffered a loss as a result of the defendants’ misconduct, you may be eligible to act as a lead plaintiff in the securities class action lawsuit. To determine whether you qualify, contact Rosen Law Firm as soon as possible. The outcome of this lawsuit could have significant implications for the mining industry and investor confidence in the sector as a whole.
- Newmont Corporation
- Securities class action lawsuit
- Lead plaintiff deadline
- February 22, 2024, to October 23, 2024
- United States District Court for the Southern District of New York
- False and misleading statements
- Material information
- Securities Exchange Act of 1934
- Gold production
- Costs and lower margins
- Corporate governance
- Transparency
- Risk management
- Mining industry
- Investor confidence
