Freeport-McMoRan(US:FCX) Prnewswire·2025-11-30 14:17Core 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 the federal securities class action [2][9]. - The investigation is focused on the company's failure to ensure adequate safety measures, which constituted undisclosed risks of regulatory, litigation, and reputational damage [4]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after a significant incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [5]. - Following the tragic update on September 24, 2025, where two workers were confirmed dead, Freeport's stock fell by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, highlighted the potential strain on 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 [7]. Group 3: Expert Opinions and Future Actions - An expert stated that the landslide incident at Freeport was preventable and should have been anticipated, indicating a lack of proper safety measures [8]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to come forward [9].