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News  ›  GlobeNewswire Inc.

Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Freeport-McMoran is facing a class action lawsuit alleging securities fraud related to a mining incident at its Grasberg Block Cave operation in Indonesia, where workers were trapped and two fatally injured, leading to significant stock price declines.

Insights
DIVB   positive

Retained top global manager position, continued leadership since 2009


FCX   negative

The company experienced a significant stock price drop after a serious mining incident, potential safety negligence allegations, and risks of regulatory and reputational damage. The lawsuit suggests the company failed to disclose material risks and made misleading statements about its operations.