Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Newmont Corporation
New York, NY – March 2, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading national law firm, has announced that a class action lawsuit has been filed 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 (the “Class Period”).
Class Definition
This lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Newmont securities during the Class Period. The complaint alleges that the defendants made false and misleading statements and failed to disclose material information to investors.
Allegations
According to the complaint, the defendants made false and misleading statements and failed to disclose that:
- Newmont had known about significant issues at one of its major mining operations, which were causing production delays and increased costs;
- The Company’s financial statements for the Class Period did not accurately reflect the true financial condition of the Company;
- Newmont had engaged in a scheme to inflate its reported gold production and reserves;
The complaint further alleges that the defendants failed to disclose these issues to investors, despite having knowledge of them, and that they made false and misleading statements to reassure investors about the Company’s financial condition and operational performance.
Impact on Individual Investors
If you purchased 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 violations of the federal securities laws. You may wish to consult with a securities attorney to determine if you are eligible to recover damages.
Impact on the World
The filing of this class action lawsuit against Newmont may have significant implications for the mining industry and the financial markets as a whole. It highlights the importance of transparency and accurate reporting in the mining sector, and the need for companies to disclose material information to investors in a timely and truthful manner. The outcome of this lawsuit could set a precedent for other securities fraud cases in the industry.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of a class action lawsuit against Newmont Corporation and certain of its officers is a significant development for investors who purchased Newmont securities during the Class Period. The lawsuit alleges that the defendants made false and misleading statements and failed to disclose material information to investors, causing significant losses to those investors. If you believe you may be eligible to participate in the class action lawsuit, you may wish to consult with a securities attorney to determine your options for recovering damages. The outcome of this lawsuit could also have broader implications for the mining industry and the financial markets as a whole.
Bronstein, Gewirtz & Grossman, LLC is committed to ensuring that its clients receive the compensation they are entitled to under the law. If you have any questions about this class action lawsuit or your potential eligibility to recover damages, please contact the firm today.
Bronstein, Gewirtz & Grossman, LLC
200 Park Avenue, 16th Floor
New York, NY 10166
212-697-1001
www.bgandg.com
