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 [2][4]. 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 [5]. 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 [6]. Stock Performance - 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 team members [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales respectively, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, further reports about strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [11].

Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in worker fatalities and significant stock price declines [1][3][5]. Group 1: Class Action 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 disclosed a significant incident at the Grasberg mine that restricted evacuation routes for workers, resulting in a nearly 6% drop in stock price [4]. Group 2: Incident and Financial Impact - Following the incident on September 24, 2025, Freeport-McMoRan reported two fatalities and indicated that 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 the potential strain on Freeport-McMoRan's relationship with the Indonesian government due to the production halt, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Representation - Investors who suffered losses during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7]. - Robbins Geller Rudman & Dowd LLP is the law firm representing the investors in this class action, known for securing significant monetary relief for investors in securities fraud cases [8].

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 previous statements about the company's 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: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Points - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with specific deadlines for filing lead plaintiff motions [1][2][3][4]. 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 in Indonesia, leading to heightened risks for workers and misleading positive statements about the company's operations [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 alleges significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures and 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 payment timing to vendors, adversely affecting free cash flow and resulting in materially misleading financial reports [4].

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, with 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 be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [4]. - The company has been accused of overstating its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. 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 the suspension of mining operations due to a landslide that trapped seven team members [6]. - Following an update on September 24, 2025, indicating two fatalities and five missing individuals, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of 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, suggested that the landslide was preventable, further impacting investor confidence [9].

Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected investors between February 15, 2022, and September 24, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia, leading to a heightened risk of worker fatalities [2]. - It is alleged that the lack of proper safety measures 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: Investor Information - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].

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 [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [5]. - The company has previously emphasized its commitment to safety through advanced data, technology, and behavioral science principles to prevent fatal incidents [5]. Group 3: Allegations of Safety Overstatement - Allegations suggest that Freeport overstated its safety commitment, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [6]. Group 4: 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 [7]. - Following an update on September 24, 2025, indicating two fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further drop of $2.33 per share (over 6%) [9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, suggesting that the risks associated with certain mining methods were known [11].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which have resulted in significant investor losses [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal options [1]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg mine, which led to increased risks and ultimately investor losses [4]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing that two workers were fatally injured and five remained missing, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, leading to a further stock price decline of $2.33, or 6.2%, closing at $35.34 [7]. Group 3: Expert Opinions and Class Action Details - An article published on September 28, 2025, suggested that the landslide incident at Freeport was preventable, indicating that the risks should have been anticipated [8]. - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought, and any member of the putative class may move to serve as lead plaintiff [9].

Core Viewpoint - Freeport-McMoran, Inc. is facing a class action lawsuit from investors who purchased securities during the specified class period due to significant operational issues and stock price declines following a mining incident in Indonesia [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising Freeport investors to join a class action lawsuit for those who bought securities between February 15, 2022, and September 24, 2025 [1]. - Investors have until January 12, 2026, to file a lead plaintiff motion [1]. Group 2: Incident Details - On September 9, 2025, Freeport announced the suspension of mining activities at its Grasberg Block Cave operation due to a blockage caused by wet material, which trapped seven workers [3]. - Following the incident, Freeport's stock price dropped by $2.80 per share, or 5.99%, closing at $43.87 on September 9, 2025 [3]. - An update on September 24, 2025, revealed that two workers were fatally injured and five remained missing, leading to a further stock price decline of $7.69 per share, or 16.95%, closing at $37.67 [3]. Group 3: Firm's Background - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing and has recovered over $5.5 billion for aggrieved investors [4].

Core Insights - Freeport-McMoRan's Q3 2025 revenues rose to approximately US$6.97 billion, a modest increase from US$6.79 billion in Q3 2024, despite a decline in production and sales due to operational disruptions at the Grasberg Mine [2][3] - The company reported a net income of around US$674 million, or US$0.46 per share, up from US$0.36 in the same quarter last year, driven by higher realized commodity prices [2][3] - Copper production decreased by roughly 13.2% year-over-year to 912 million pounds, with consolidated copper sales dropping to 977 million pounds from 1,035 million pounds a year ago [2][3] Production and Operational Challenges - A significant safety incident at the Grasberg Mine in September 2025 led to a halt in operations, resulting in a force-majeure declaration for exports from Indonesia [3][5] - Despite reduced production volumes, Freeport maintained profitability due to higher average commodity prices, with copper averaging US$4.68 per pound (up ~9% year-over-year) and gold at approximately US$3,539 per ounce [3][5] Financial Performance and Cost Management - The consolidated unit net cash cost for copper remained stable at approximately US$1.40 per pound, below guidance expectations, indicating effective cost management [4] - Operating cash flow for Q3 reached over US$1.6 billion, despite a decrease compared to the previous quarter, showcasing the company's financial resilience [4] Geographic Diversification and Future Outlook - Freeport's operations in the Americas continue to produce copper, gold, and molybdenum, providing geographic diversification that mitigates the impact of the Grasberg disruption [4][6] - The company commenced the quarter with strong cash reserves and manageable debt, allowing flexibility to navigate current challenges and sustain investments [5][6] - Future performance will depend on the speed of restoring output at Grasberg and the strength of global demand for copper and gold, driven by infrastructure and renewable energy projects [5][7] Investment Valuation - Freeport's stock is valued at $46, approximately 7% above the current market price, reflecting a solid opportunity for rebound given its global presence and balanced mix of metals [7]