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News  ›  GlobeNewswire Inc.

FCX STOCK LOSS: Freeport-McMoRan Inc. Faces Securities Fraud Class Action due to Safety Issues – Contact BFA Law if You Suffered Losses

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
FCX STOCK LOSS: Freeport-McMoRan Inc. Faces Securities Fraud Class Action due to Safety Issues – Contact BFA Law if You Suffered Losses

Freeport-McMoRan is facing a securities fraud class action lawsuit related to safety issues at its Grasberg mine in Indonesia, where a landslide resulted in worker fatalities and operational disruptions, causing significant stock price drops.

Insights
ALVOW   negative

FDA delayed markeT approval for AVT05, requiring manufacturing facility improvements, which will reduce projected 2025 revenues and temporarily slow production


FCX   negative

Stock experienced multiple price drops totaling nearly 30% due to a fatal mining incident, potential safety violations, and strained government relations, leading to a class action lawsuit alleging securities fraud