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News  ›  GlobeNewswire Inc.

FCX: Kirby McInerney LLP Advises Freeport-McMoran Inc. Investors of Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Kirby Mcinerney Llp
FCX: Kirby McInerney LLP Advises Freeport-McMoran Inc. Investors of Class Action Lawsuit

A securities fraud class action lawsuit has been filed against Freeport-McMoRan Inc. for allegedly failing to ensure adequate safety at its Grasberg Block Cave mine in Indonesia. The lawsuit covers investors who purchased securities between February 15, 2022 and September 24, 2025. On September 9, 2025, Freeport announced suspension of mining operations after seven workers became trapped, causing the stock to decline 5.94% ($2.77 per share). The lawsuit alleges the company failed to disclose heightened regulatory, litigation, and reputational risks.

Insights
BMLpL   neutral

Berkshire reduced its position by 6%, indicating a modest portfolio adjustment without strong negative or positive signals

FCX   negative

The company faces a securities fraud class action lawsuit alleging inadequate safety measures at a major mining operation, resulting in worker entrapment and mine suspension. The incident triggered a significant stock price decline of 5.94%, and the lawsuit alleges undisclosed regulatory, litigation, and reputational risks.

Keywords
#securities fraud #class action lawsuit #mining safety #Grasberg Block Cave #Indonesia #worker safety #stock decline #regulatory risk

Tickers
FCX
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