Freeport-McMoRan(US:FCX) Prnewswire·2026-01-06 14:50Core 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 resulted in significant investor losses [2][4]. Group 1: Allegations and Incidents - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [4]. - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [6]. Group 2: Market Reactions and Implications - On September 25, 2025, an article highlighted the potential strain on Freeport's relationship with the Indonesian government due to the halt in production, causing the stock price to drop by $2.33, or 6.2%, to close at $35.34 [7]. - An article published on September 28, 2025, suggested that the landslide incident was preventable, indicating that the risks were known and should have been anticipated [8]. Group 3: Legal Proceedings and Investor Actions - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights and options, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [2][9]. - Faruqi & Faruqi, LLP is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [9].