Freeport-McMoRan(US:FCX) Globenewswire·2025-11-20 18:56Core 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 [4][6]. Group 1: Allegations and Legal Actions - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [6]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [4][11]. Group 2: Incident Details and Stock 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 [7]. - Following the tragic update on September 24, 2025, that two workers were fatally injured, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [8]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government due to the halt in production, resulting in a further stock decline of $2.33, or 6.2%, to close at $35.34 [9][10].