Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Newmont Corporation
On March 30, 2025, Bronstein, Gewirtz & Grossman, LLC, a reputable law firm based in New York City, NY, took legal action against Newmont Corporation (“Newmont” or “the Company”) (NYSE:NEM) and certain of its officers. The lawsuit alleges that Newmont and its named executives violated the federal securities laws, specifically during the period from February 22, 2024, to October 23, 2024.
Class Definition
The lawsuit, filed in the United States District Court for the Southern District of New York, aims to recover damages for all persons and entities that purchased or otherwise acquired Newmont securities during the aforementioned Class Period. The class is defined as:
- All persons and entities, other than Defendants and their affiliates, who or which purchased or otherwise acquired Newmont securities between February 22, 2024, and October 23, 2024, both dates inclusive;
- All persons and entities who were members of the Newmont securities distribution chain during the Class Period;
- All persons and entities who sold Newmont securities short during the Class Period;
- All persons and entities who purchased or otherwise acquired Newmont securities in open market transactions following the Class Period and prior to the filing date of this action;
- All persons and entities who purchased or otherwise acquired Newmont securities in exchange for the tender of other securities during the Class Period and prior to the filing date of this action;
- All persons and entities who received distribution of Newmont securities as a dividend or other distribution or in connection with an acquisition or merger of another entity during the Class Period and prior to the filing date of this action;
- All persons and entities who purchased or otherwise acquired Newmont securities pursuant to an employee benefit plan during the Class Period;
- All persons and entities who purchased or otherwise acquired Newmont securities as a pledge collateral or otherwise in connection with a margin loan during the Class Period;
- All persons and entities who purchased or otherwise acquired Newmont securities in connection with a short sale during the Class Period;
- All persons and entities who purchased or otherwise acquired Newmont securities in connection with a hedging transaction during the Class Period.
The plaintiffs allege that Newmont and its executives made false and misleading statements regarding the Company’s business, operations, and financial condition, which artificially inflated the price of Newmont securities during the Class Period.
Impact on Individual Investors
If you purchased Newmont securities during the Class Period and believe you may be a member of the proposed class, you may be entitled to compensation. It is essential to consult with an experienced securities fraud attorney to discuss your legal options. You may be able to recover your losses through the class action lawsuit.
Impact on the World
The class action lawsuit against Newmont could have significant implications for the mining industry and the broader business community. The allegations of securities fraud raise concerns about corporate governance, financial reporting, and transparency. This lawsuit could lead to increased scrutiny of other mining companies and potentially result in regulatory changes to prevent similar violations in the future.
Conclusion
The filing of a class action lawsuit against Newmont Corporation and its officers by Bronstein, Gewirtz & Grossman, LLC marks a significant development in the mining industry. The allegations of securities fraud could have far-reaching consequences for individual investors and the broader business community. If you believe you may be a member of the proposed class, consult with an experienced securities fraud attorney to discuss your legal options.
Stay informed about the latest developments in this case by visiting the Bronstein, Gewirtz & Grossman, LLC website or following their social media channels.
Disclaimer: The information provided in this article is for informational purposes only. It is not, and should not be construed as, legal advice on any specific matter. You should not act or rely on any information in this article without seeking the advice of an attorney.
