Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit against Newmont Corporation
On March 17, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, announced the filing of a class action lawsuit against Newmont Corporation (“Newmont” or “the Company”) (NYSE:NEM) and certain of its officers. The lawsuit alleges that the Company and its executives violated the federal securities laws during the period from February 22, 2024, to October 23, 2024.
Class Definition
The lawsuit is being brought on behalf of all persons and entities that purchased or otherwise acquired Newmont securities during the aforementioned Class Period. The Plaintiff seeks to recover damages arising from the Defendants’ alleged misrepresentations and omissions regarding Newmont’s business, operations, and financial condition.
Allegations
The complaint alleges that Newmont and its executives made false and misleading statements and failed to disclose material information concerning the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the Defendants downplayed the risks and negative impact of certain events on Newmont’s operations and financial performance.
Impact on Investors
If the allegations in the lawsuit are proven, investors who purchased Newmont securities during the Class Period may be eligible to recover their losses. The lawsuit seeks to recover damages on behalf of the Class, which could include compensatory damages, punitive damages, and attorneys’ fees and expenses.
Global Implications
The filing of this class action lawsuit against Newmont Corporation could have significant implications for the mining industry and investors worldwide. It highlights the importance of transparency and accuracy in financial reporting, as well as the potential consequences for companies and their executives when they fail to meet these obligations.
Investor Action
If you purchased Newmont securities during the Class Period and wish to discuss your rights and potential remedies, you may, no later than May 23, 2025, request that the Court appoint you as lead plaintiff. To be a member of the Class, you need not take any action at this time. However, you may retain counsel of your own choice to represent you in this action.
- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, has filed a class action lawsuit against Newmont Corporation and certain of its officers.
- The lawsuit alleges that the Company and its executives violated federal securities laws during the period from February 22, 2024, to October 23, 2024.
- The Class Definition includes all persons and entities that purchased or otherwise acquired Newmont securities during the Class Period.
- The lawsuit seeks to recover damages on behalf of the Class for alleged misrepresentations and omissions.
- If the allegations are proven, investors may be eligible to recover their losses, including compensatory damages, punitive damages, and attorneys’ fees and expenses.
- The filing of the lawsuit could have significant implications for the mining industry and investors worldwide.
- Investors who purchased Newmont securities during the Class Period and wish to discuss their rights and potential remedies should contact the law firm before May 23, 2025.
Conclusion
The filing of a class action lawsuit against Newmont Corporation and certain of its officers is a significant development for investors and the mining industry. The allegations of securities law violations during the Class Period could result in substantial damages for affected investors. It is essential for investors to stay informed and consider their options, including contacting the law firm or seeking advice from their financial advisors.
The case also serves as a reminder of the importance of transparency and accuracy in financial reporting. Companies and their executives have a responsibility to provide truthful and complete information to investors, and the consequences of failing to do so can be severe.
As the legal proceedings unfold, we will continue to monitor the situation closely and provide updates as they become available.
