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 [2][4]. 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 [5]. Allegations - The lawsuit alleges that Freeport overstated its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [6]. Stock Performance - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) after announcing the suspension of mining operations due to a landslide that trapped team members [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales respectively, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, further reports about strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [11].
FCX SECURITIES ALERT: BFA Law Reminds Freeport-McMoRan Inc. Investors with Losses of Important January 12 Securities Class Action Deadline