FCX INVESTOR DEADLINE: Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in significant operational disruptions and stock price declines [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc. and covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff in the lawsuit [1][7]. - The lawsuit alleges that Freeport-McMoRan and certain executives made false statements and failed to disclose safety risks at the Grasberg mine [3]. Group 2: Incident and Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, leading to a temporary suspension of operations and a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a further 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government, resulting in an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the class action, is recognized for its expertise in securities fraud and has secured over $2.5 billion for investors in 2024 alone [8].