Freeport-McMoRan(US:FCX) Businesswire·2026-01-12 22:26Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoran Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by January 12, 2026 [1]. Group 1: Allegations Against Freeport-McMoran - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia [3]. - It is claimed that Freeport did not adequately ensure safety, leading to a heightened risk of worker fatalities, which was not disclosed to investors [3]. - The allegations include that the company's statements about its business operations and prospects were materially false and lacked a reasonable basis [3]. Group 2: Impact of Incidents on Stock Price - On September 9, 2025, Freeport suspended mining activities after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [4]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [5]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, causing the stock to drop by $2.33, or 6.2%, to close at $35.34 [6]. Group 3: Expert Opinions and Legal Proceedings - An article published on September 28, 2025, suggested that the landslide incident was preventable and should have been anticipated, indicating potential negligence on Freeport's part [7]. - The court-appointed lead plaintiff will represent the interests of the class, and any member can move to serve as lead plaintiff or remain an absent class member [7].