Important Notice for Newmont Corporation Investors: Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
NEW YORK, March 16, 2025 – Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Newmont Corporation (NYSE: NEM) between February 22, 2024, and October 23, 2024, inclusive (the “Class Period”), of the important April 1, 2025 lead plaintiff deadline. The lawsuit seeks to recover damages for Newmont investors under the federal securities laws.
Background on the Class Action Lawsuit
The complaint alleges that Newmont Corporation and certain of its executives made false and/or misleading statements and/or failed to disclose: (1) that Newmont’s Minas-Rio project in Brazil faced significant environmental and regulatory challenges, including potential delays in obtaining necessary permits; (2) that these challenges were likely to materially impact the Minas-Rio project’s production timeline and costs; and (3) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Impact on Individual Investors
If you purchased Newmont securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline in this securities class action is April 1, 2025. To participate in this class action, Newmont investors should contact the Rosen Law Firm as soon as possible. No class has been certified in the above action yet. If you wish to serve as lead plaintiff, you must move the Court no later than April 1, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Impact on the World
The lawsuit against Newmont Corporation is significant for several reasons. First, it highlights the importance of transparency in corporate reporting, particularly with regard to environmental and regulatory issues. Companies that fail to disclose material information, or provide misleading information, can face serious consequences, including financial losses for investors and reputational damage. Second, the case underscores the potential risks associated with large-scale mining projects, particularly those in environmentally sensitive areas. As the world becomes increasingly reliant on minerals and metals for various industries, including renewable energy, it is important for investors to be aware of the potential risks and challenges associated with these projects.
Conclusion
The Rosen Law Firm’s announcement of a class action lawsuit against Newmont Corporation serves as a reminder for investors to stay informed about the companies they invest in, and to be aware of the potential risks associated with their investments. If you purchased Newmont securities during the Class Period and believe you may be entitled to compensation, contact the Rosen Law Firm as soon as possible to learn more about your options. For the broader implications of this case, it underscores the importance of transparency, particularly with regard to environmental and regulatory issues, and the potential risks associated with large-scale mining projects.
- Rosen Law Firm announces class action lawsuit against Newmont Corporation
- Lawsuit alleges false and/or misleading statements and failure to disclose regarding Minas-Rio project in Brazil
- Lead plaintiff deadline is April 1, 2025
- Impact on individual investors: potential for compensation if purchased Newmont securities during Class Period
- Impact on the world: highlights importance of transparency and potential risks of large-scale mining projects
