-85% p.a.
bt_headshoulder_aapl_returnopt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -85 Days active 427 …
tickers: NEM
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| NEM | positively | The securities class action lawsuit against Newmont Corporation could potentially lead to increased scrutiny and transparency, which might prompt the company to address operational inefficiencies and improve investor confidence, ultimately benefiting the ticker NEM. Additionally, if the lawsuit results in a settlement or favorable ruling for investors, it could lead to financial compensation that might positively impact the company’s stock price. |
our strategies and bots using these tickers
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summary
Newmont Corporation Faces Securities Class Action Lawsuit
RADNOR, Pa., March 1, 2025 — A securities class action lawsuit has been filed against Newmont Corporation (NEM) in the United States District Court for the District of Colorado. The lawsuit, filed on behalf of investors who purchased or acquired Newmont securities between February 22, 2024, and October 23, 2024, alleges misconduct and misleading statements by the company. The complaint asserts that Newmont made materially false and/or misleading statements during the class period. Specifically, the defendants are accused of misrepresenting the company’s ability to increase gold production at its Tier 1 operations, including Lihir and Brucejack, and of having higher operating costs across its mining operations. Key Allegations: The lawsuit claims that Newmont’s statements about its business, operations, and prospects were materially false and misleading. The defendants are alleged to have failed to disclose that:
- Newmont was unable to deliver increased gold production at its Tier 1 operations, specifically at Lihir and Brucejack.
- Newmont had higher operating costs throughout its mining operations.
- As a result, the defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Lead Plaintiff Deadline: Investors who suffered losses may seek to be appointed as a lead plaintiff representative of the class. The deadline for this is April 1, 2025. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. Next Steps for Investors: Newmont investors who have suffered significant losses are encouraged to contact Kessler Topaz Meltzer & Check, LLP directly to acquire more information. Investors can also sign up for the case by visiting the firm’s website.
