Newcrest Mining Limited
(ASX:NCM) has confirmed it may face a class action led by Slater & Gordon Lawyers following allegations of a selective analyst briefing over its 2014 gold production numbers missing market forecasts.
The miner says it has received notice from the law firm that it would proceed with a Federal Court class action, as previously flagged on July 19, in relation to Newcrest's June 7 market release.
Slater & Gordon has invited the miner to enter into confidential and without prejudice discussions into these matters prior to the commencement otherwise of legal proceedings.
Newcrest says it is considering its position in relation to the approach and intends to defend any proceedings if they are commenced.
Newcrest slumped to a $5.7 billion loss in fiscal 2013.
