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]. - On September 24, 2025, Freeport reported that two of the seven trapped individuals had died, and the remaining five were missing. This announcement caused the stock to drop by $7.69 per share, or nearly 17%, from $45.36 to $37.67 [7]. - Following reports of strained relations with the Indonesian government, the stock fell by $2.33 per share, or more than 6%, from $37.67 to $35.34 on September 25, 2025 [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, suggesting that Freeport had not adequately addressed known risks associated with its mining methods [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 the caption Reed v. Freeport-McMoRan Inc., et al. [3].
FCX COURT ALERT: Freeport-McMoRan Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12