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News  ›  GlobeNewswire Inc.

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Faruqi & Faruqi, Llp
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran

A securities class action has been filed against Freeport-McMoran for allegedly making false statements about safety at its Grasberg Block Cave mine in Indonesia. Following a September 2025 incident where a wet material flow trapped seven workers, resulting in two deaths and five missing, the company's stock fell significantly. The lawsuit alleges the company failed to disclose inadequate safety precautions and heightened regulatory and reputational risks. The deadline to seek lead plaintiff status is January 12, 2026.

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The company faces a federal securities class action alleging it made false/misleading statements about safety at its Indonesian mine. A tragic incident resulted in worker deaths and significant stock price declines (5.9%, 17%, and 6.2% on consecutive days in September 2025). The lawsuit claims inadequate safety precautions and undisclosed regulatory and reputational risks, indicating serious operational and legal challenges.