Freeport-McMoRan(US:FCX) Prnewswire·2025-11-21 15:13Core 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][4]. 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 [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are reminded of the January 12, 2026, deadline to seek the role of lead plaintiff in a federal securities class action [2][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, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, 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, resulting in a further stock price decline of $2.33, or 6.2%, to close at $35.34 [7]. Group 3: Expert Opinions and Additional Information - 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]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to contact the firm [9].