Freeport-McMoRan(US:FCX) Newsfile·2025-12-07 13:30Core Viewpoint - Faruqi & Faruqi LLP is investigating potential claims against Freeport-McMoran Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 12, 2026 [2][4]. Group 1: Legal Proceedings - The lawsuit alleges that Freeport and its executives violated federal securities laws by making false or misleading statements and failing to disclose safety issues at the Grasberg Block Cave mine in Indonesia [4]. - The complaint highlights that inadequate safety measures posed a heightened risk of worker fatalities, which was not disclosed to investors [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm [2][4]. Group 2: Incident 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 (5.9%) to $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 (17%) to close 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, resulting in a further stock decline of $2.33 (6.2%) to $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, raising concerns about the company's operational safety [8]. - The firm encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to come forward [9].