Freeport-McMoRan(FCX)
Search documents
FCX INVESTOR NOTICE: Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-14 15:20
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims related to safety issues at its Grasberg mine in Indonesia and subsequent operational impacts [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it involves purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit alleges that Freeport-McMoRan failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [4]. Group 2: Incident Impact - Following the September 8 incident, Freeport-McMoRan disclosed that two team members were fatally injured, and production in 2026 could be approximately 35% lower than pre-incident estimates, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process - Investors who purchased Freeport-McMoRan securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [7]. - The lead plaintiff will have the authority to select a law firm for litigation, but participation as lead plaintiff is not required for potential recovery [7]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].
FCX DEADLINE NOTICE: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
TMX Newsfile· 2025-12-14 15:17
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a class action lawsuit set for January 12, 2026 [1]. Group 1 - Investors who bought Freeport-McMoRan securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A class action lawsuit has already been initiated, and those wishing to serve as lead plaintiff must file with the court by the January 12, 2026 deadline [3]. Group 2 - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety measures at the Grasberg Block Cave mine in Indonesia, which posed significant risks to workers and led to potential regulatory and reputational issues [5]. - The claims suggest that the company's statements about its business operations and prospects were materially false and misleading, resulting in investor damages when the true information became public [5]. Group 3 - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering substantial amounts for investors [4]. - The firm has been recognized for its achievements in securities class action settlements, including a notable ranking by ISS Securities Class Action Services [4].
FCX DEADLINE ALERT: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile· 2025-12-14 13:38
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of safety violations at its Grasberg Block Cave mine, which led to significant investor losses following recent incidents [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Freeport-McMoRan to discuss their legal options, particularly those who purchased securities between February 15, 2022, and September 24, 2025 [1][2]. - A federal securities class action has been filed against Freeport, with a deadline of January 12, 2026, for investors to seek the role of lead plaintiff [2]. Group 2: Safety Violations and Incidents - The complaint alleges that Freeport and its executives violated federal securities laws by making false or misleading statements regarding safety at the Grasberg Block Cave mine, which posed a heightened risk to workers [4]. - On September 9, 2025, Freeport suspended mining activities after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, to close at $43.89 per share [5]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, closing at $37.67 per share [6]. Group 3: Market Reactions and Future Implications - An article published on September 25, 2025, indicated that the halt in production at the Grasberg mine could strain Freeport's relationship with the Indonesian government, leading to further stock decline of $2.33, or 6.2%, to close at $35.34 [7]. - An expert suggested that the landslide incident was preventable, indicating ongoing concerns about Freeport's operational safety and regulatory compliance [8].
FCX SECURITIES LAWSUIT: Freeport-McMoRan Inc. Investors are Notified to Contact BFA Law Before the Imminent January 12 Class Action Deadline
TMX Newsfile· 2025-12-14 12:33
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Freeport securities [3]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [4][5]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [4]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - Following an update on September 24, 2025, regarding fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [7]. - A report on September 25, 2025, regarding strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor sentiment [9].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit
Newsfile· 2025-12-13 13:09
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. related to alleged violations of federal securities laws, particularly concerning safety issues at the Grasberg Block Cave mine in Indonesia [2][4]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in Freeport-McMoRan to contact them regarding their legal rights, with a deadline of January 12, 2026, to seek the role of lead plaintiff in a federal securities class action [2][4]. Allegations Against Freeport-McMoRan - The complaint alleges that Freeport and its executives made false or misleading statements and failed to disclose safety inadequacies at the Grasberg Block Cave mine, which heightened risks of worker fatalities and regulatory issues [4]. - Specific allegations include inadequate safety measures, which foreseeably led to the death of workers, and that these risks were not disclosed, making the company's statements materially false and misleading [4]. Impact on Stock Price - Following the suspension of mining activities on September 9, 2025, due to a tragic incident that trapped seven workers, Freeport's stock price fell by $2.77, or 5.9%, closing at $43.89 per share [5]. - After the update on September 24, 2025, revealing two fatalities among the trapped workers, the stock price dropped by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, regarding the implications of the halt in production led to an additional decline of $2.33, or 6.2%, with the stock closing at $35.34 [7]. Expert Opinions - An article published on September 28, 2025, suggested that the landslide incident at Freeport was preventable, indicating that the risks associated with the mine were known and should have been anticipated [8]. Call for Information - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [9].
FCX FRAUD UPDATE: Important Freeport-McMoRan Inc. Securities Fraud Class Action Deadline is Approaching for Investors – Contact BFA Law before January 12
Globenewswire· 2025-12-13 12:13
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [4]. Allegations - The lawsuit alleges that Freeport overstated its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. Stock Performance Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) after announcing the suspension of mining operations due to a landslide that trapped seven team members [6]. - Following an update on September 24, 2025, which reported two fatalities and five missing individuals, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, news regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor sentiment [9].
DEADLINE ALERT for FCX, PRGO, STUB, ARE: Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions
Globenewswire· 2025-12-12 23:08
Core Viewpoint - Class action lawsuits have been filed against several publicly-traded companies, alleging misleading statements and failures to disclose critical information that affected shareholders during specified class periods [1]. Group 1: Freeport-McMoRan Inc. (NYSE: FCX) - The class period for Freeport-McMoRan is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [2]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [2]. Group 2: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [3]. - The complaint claims significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures beyond stated estimates, resulting in overstated financial results [3]. Group 3: StubHub Holdings, Inc. (NYSE: STUB) - The class period for StubHub is from its September 2025 IPO, with a lead plaintiff deadline of January 23, 2026 [4]. - Allegations include misleading statements regarding changes in vendor payment timing, adversely affecting free cash flow and misrepresenting the company's financial health [4]. Group 4: Alexandria Real Estate Equities, Inc. (NYSE: ARE) - The class period for Alexandria is from January 27, 2025, to October 27, 2025, with a lead plaintiff deadline of January 26, 2026 [5]. - The complaint alleges that the company overstated the value of its life-science properties and downplayed declining occupancy stability, leading to materially misleading statements about its business prospects [5].
Shareholders of Freeport-McMoRan Inc. Should Contact Levi & Korsinsky Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-12-12 21:29
Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud affecting investors between February 15, 2022, and September 24, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2]. - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2]. - The complaint states that these safety issues resulted in undisclosed regulatory, litigation, and reputational risks, making the company's statements about its business and operations materially false and misleading [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
FREEPORT-MCMORAN NOTICE: Freeport-McMoRan Inc. (FCX) Investors are Notified of Securities Fraud Class Action and to Contact BFA Law by January 12
Newsfile· 2025-12-12 13:36
Core Viewpoint - Freeport-McMoRan Inc. is facing a class action lawsuit for securities fraud, which has resulted in significant stock price drops due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against Freeport-McMoRan and certain senior executives, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Arizona [3]. - The lawsuit alleges that Freeport overstated its commitment to safety while conducting unsafe mining practices at the Grasberg mine, which could lead to worker fatalities [5]. Group 2: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% drop in copper sales and 6% drop in gold sales, the stock fell by $7.69 per share (almost 17%) [7]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, further impacting investor confidence [10].
Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Pron
Globenewswire· 2025-12-12 01:30
Core Viewpoint - Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged safety failures at its Grasberg Block Cave operation in Indonesia, which resulted in a tragic incident leading to worker fatalities and significant stock price declines [1][5]. Incident Overview - On September 9, 2025, Freeport announced the suspension of mining activities at the Grasberg Block Cave after a large flow of wet material trapped seven workers, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [2]. - On September 24, 2025, Freeport reported that two of the trapped workers had died, leading to a further stock price decline of $7.69, or 17%, closing at $37.67 per share [3]. - Following the incident, concerns arose regarding Freeport's relationship with the Indonesian government, which controls 51% of the local entity, resulting in an additional stock price drop of $2.33, or 6.2%, to close at $35.34 on September 25, 2025 [4]. Lawsuit Details - The lawsuit alleges that from February 15, 2022, to September 24, 2025, Freeport failed to disclose inadequate safety measures at the Grasberg mine, which posed a heightened risk of worker fatalities and regulatory issues, rendering the company's positive statements about its operations misleading [5]. - Investors who purchased Freeport securities during the class period are encouraged to file a lead plaintiff motion by January 12, 2026 [6].