Freeport-McMoRan(US:FCX) Prnewswire·2025-12-04 15:51Core 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 have resulted in significant investor losses [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal options [1]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg mine, which led to increased risks and ultimately investor losses [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, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing that two workers were fatally injured and five remained missing, 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, leading to a further stock price decline of $2.33, or 6.2%, closing at $35.34 [7]. Group 3: Expert Opinions and Class Action Details - 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]. - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought, and any member of the putative class may move to serve as lead plaintiff [9].