A securities class action has been filed in the USDC – AZ. against Freeport-McMoRan, Inc. (FCX) (“Freeport” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Freeport securities between February 15, 2022, and September 24, 2025, both dates inclusive (the “Class Period”).
Freeport is a mining company. Pertinent to this action is a copper mine operated by Freeport in Papua, Indonesia, called the Grasberg Copper and Gold, in which the Indonesian government holds a commercial interest.
The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that:
(1) Freeport did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia;
(2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers;
(3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and
(4) as a result, Defendants’ statements about Freeport-MoMoRan’s business, operations, and prospect were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.
Freeport stock fell $2.33 per share, or 6.18%, to close at $35.34 on September 25, 2025.
If you purchased Freeport securities publicly traded on the NYSE during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.