The Schall Law Firm Reminds Investors of Class Action Lawsuit Against Newmont Corporation
LOS ANGELES, CA / ACCESS Newswire / February 8, 2025
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Newmont Corporation (“Newmont” or “the Company”) (NYSE:NEM) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between February 22, 2024 and October 23, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before April 1, 2025.
The lawsuit alleges that during the Class Period, Newmont made false and misleading statements and failed to disclose that the Company’s Talas mining operations were being underutilized, which would have a negative impact on the Company’s financial performance. As a result of these alleged misrepresentations, Newmont’s stock price was artificially inflated during the Class Period.
Effects on Investors
Investors who purchased Newmont Corporation’s securities during the Class Period may be eligible to participate in the class action lawsuit and recover financial losses incurred as a result of the alleged securities fraud. By contacting The Schall Law Firm before the deadline on April 1, 2025, investors can seek legal recourse and potentially recoup damages.
Effects on the World
News of the class action lawsuit against Newmont Corporation may impact the wider financial market, as investors and stakeholders assess the implications of the alleged securities fraud. The outcome of the lawsuit could also have broader implications for corporate governance and oversight, potentially leading to increased scrutiny of mining operations and financial disclosures within the industry.
Conclusion
In conclusion, the class action lawsuit against Newmont Corporation serves as a reminder of the importance of transparency and accountability in the corporate world. Investors should always exercise due diligence and be aware of potential risks when making investment decisions. By seeking legal counsel and staying informed about developments in the case, affected investors can take steps to protect their rights and interests.
