Freeport-McMoRan(US:FCX) Prnewswire·2025-12-03 20:09Core Viewpoint - Freeport-McMoran Inc. is facing a class action lawsuit due to allegations of misleading investors about safety conditions at its mines, particularly the Grasberg Block Cave mine in Indonesia, which has resulted in worker fatalities and stock price declines [1]. Group 1: Company Overview - Company: Freeport-McMoran Inc. (NYSE: FCX) is a mining company [1]. - Class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. Group 2: Allegations - The lawsuit claims that Freeport failed to disclose inadequate safety measures at the Grasberg Block Cave mine, which posed a heightened risk of worker fatalities [1]. - The complaint states that the lack of safety precautions led to regulatory, litigation, and reputational risks that were not disclosed to investors [1]. - Following an incident on September 9, 2025, where seven workers could not evacuate safely, Freeport's stock price declined, and it fell further on September 24, 2025, after two workers were reported fatally injured [1]. Group 3: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must file their papers by January 12, 2026 [1]. - Participation in the class action is not required to be eligible for recovery, and shareholders can remain absent class members if they choose [1].