Overview
- The securities class action, captioned Reed v. Freeport‑McMoRan, is pending in the U.S. District Court for the District of Arizona with lead‑plaintiff motions due January 12, 2026.
- Notices from Rosen, Faruqi, Bronstein, Bleichmar and Schall invite investors who bought Freeport securities between February 15, 2022 and September 24, 2025 to seek a leadership role.
- Complaints allege Freeport overstated its safety practices at the Grasberg Block Cave mine and failed to disclose heightened risks of worker fatalities along with regulatory, litigation and reputational exposure.
- Freeport said on September 9 that a wet‑material flow trapped seven workers and suspended mining, later reporting two deaths and five missing, and the stock fell sharply on September 9, 24 and 25.
- Media coverage reported the incident was preventable and raised concerns about tensions with Indonesia’s government; no class has been certified and the allegations have not been proven.