Core 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 led to significant investor losses [3][6]. Group 1: Allegations and Incidents - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [6]. - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, to close at $43.89 per share [7][8]. - 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 [8]. - A subsequent article on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, leading to another stock price decline of $2.33, or 6.2%, to close at $35.34 [9]. Group 2: Legal Actions and Investor Information - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights and options for participating in a class action lawsuit [2][3]. - The deadline for seeking the role of lead plaintiff in the federal securities class action is January 12, 2026 [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [11].
FCX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit