
FCXâŊShareholder Alert: FaruqiâŊ&âŊFaruqi LLP Announces that FreeportâMcMoRan Investors Have Opportunity to Lead Class Action Lawsuit
âĒBy ADMIN
Related Stocks:FCX
NewâŊYork â NovemberâŊ22,âŊ2025 â National securities law firm Faruqi & Faruqi, LLP (the âFirmâ) announced today that it is investigating potential claims on behalf of investors in FreeportâMcMoRan Inc. (NYSE:âŊFCX or the âCompanyâ) and reminds eligible investors of the January 12, 2026 deadline to seek appointment as lead plaintiff in a classâaction lawsuit filed in federal court.
According to the complaint, Freeport and certain officers allegedly made false or misleading statements â or omitted material information â by failing to disclose that: (1) the Company did not adequately ensure worker safety at its GrasbergâŊBlockâŊCave mine in Indonesia; (2) the lack of proper safety protocols posed a reasonably foreseeable risk of fatalities among the mineâs workforce; (3) this risk triggered heightened regulatory, litigation and reputational exposure; and (4) as a result, statements made about the Companyâs business, operations and prospects were materially false or lacked reasonable basis.
On SeptemberâŊ9, 2025, Freeport disclosed it had suspended mining activities at the Grasberg site after âa large flow of wet materialâ trapped seven workers, triggering a shareâprice drop of USâŊ$2.77 (5.9âŊ%) to close at USâŊ$43.89. Then on SeptemberâŊ24, the Company reported that two workers were fatally injured and five remained missing, with the share price falling a further USâŊ$7.69 (17âŊ%) to USâŊ$37.67. A subsequent Bloomberg article raised concerns that the production halt at Grasberg could strain Freeportâs relationship with the Indonesian government and escalate state control pressures.
FaruqiâŊ&âŊFaruqi points out that any investor who purchased Freeport securities between FebruaryâŊ15,âŊ2022 and SeptemberâŊ24,âŊ2025 and suffered losses may move to serve as lead plaintiff; choosing not to seek lead plaintiff status does not preclude remaining a class member. The Firm also invites whistleblowers, former employees, shareholders and other individuals with information regarding Freeportâs conduct to reach out confidentially.
To learn more or discuss your rights, investors are encouraged to contact the Firmâs partner James (Josh) Wilson.
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