Freeport-McMoRan(US:FCX) Newsfileยท2025-11-16 12:53Core 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 resulted in significant investor losses [2][5]. Group 1: Allegations and Legal Actions - 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 [5]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with Faruqi & Faruqi [2][5]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [6]. - Following the tragic update on September 24, 2025, that two trapped workers were fatally injured, Freeport's stock fell by $7.69, or 17%, closing at $37.67 per share [7]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government, causing the stock to drop another $2.33, or 6.2%, to close at $35.34 [8]. Group 3: Expert Opinions and Class Action Details - An expert stated that the landslide incident at Freeport was preventable and should have been anticipated, raising concerns about the company's safety protocols [9]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Freeport is January 12, 2026 [2].