Three United States law firms have announced the filing of a class action suit against Newmont Mining (NEM-N) alleging misleading disclosure to the stock market.
The three firms, Lerach Coughlin of California, Schatz & Nobel of Connecticut, and Charles J. Piven of Maryland, allege that Newmont misled investors between July 2004 and the release of first-quarter earnings guidance in April 2005, by concealing underperformance by a number of Newmont gold mines.
Newmont has not yet responded publicly to the allegations in the suit, which was filed in U.S. District Court in Colorado.
Be the first to comment on "Newmont in sights in class action"