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]. Incident Details - On September 9, 2025, Freeport announced the suspension of mining operations at Grasberg due to a landslide, leading to a stock price drop of $2.77 per share, or over 5.9%, from $46.66 to $43.89 [6]. - Following an update on September 24, 2025, revealing two fatalities and five missing team members, the stock price fell by $7.69 per share, or nearly 17%, from $45.36 to $37.67 [7]. - On September 25, 2025, reports indicated that the incident strained Freeport's relationship with the Indonesian government, causing the stock to drop by $2.33 per share, or over 6%, from $37.67 to $35.34 [8]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, indicating that the risks associated with certain mining methods were known [9]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the District of Arizona, under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3].
FCX SHAREHOLDERS: A Securities Class Action against Freeport-McMoRan Inc. has been Filed on behalf of Investors -- Contact BFA Law by January 12 if You Suffered Losses