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News  ›  GlobeNewswire Inc.

FCX COURT ALERT: Freeport-McMoRan Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
FCX COURT ALERT: Freeport-McMoRan Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12

Freeport-McMoRan faces a class action lawsuit alleging securities fraud related to unsafe mining practices at its Grasberg mine in Indonesia, which resulted in worker fatalities and operational disruptions, causing significant stock price drops.

Insights
NVDA   positive

Key GPU provider for AI infrastructure, mentioned as critical hardware supplier for neocloud services


FCX   negative

Stock experienced multiple price drops totaling nearly 30% due to a fatal mining incident, potential safety violations, and strained government relations. The lawsuit alleges the company misrepresented its safety procedures and commitment to worker protection.