Freeport-McMoRan(US:FCX) Newsfileยท2025-11-18 22:38Core 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: Legal Investigation and Claims - The firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal rights [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 posed a heightened risk to workers [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 an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [7]. - Additional news on September 25, 2025, regarding the impact of the production halt on Freeport's relationship with the Indonesian government caused the stock to drop by $2.33, or 6.2%, closing at $35.34 [8][9]. Group 3: Expert Opinions and Class Action Details - An article published on September 28, 2025, suggested that the landslide at the Grasberg mine was preventable, indicating that the risks should have been anticipated [9]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members [9]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct to come forward, including whistleblowers and former employees [10].