Freeport-McMoRan Investors Face Jan. 12 Deadline in Securities Suit Over Indonesia Mine Disclosures

Overview

• The federal case, Reed v. Freeport-McMoRan Inc., No. 25-cv-04243, is pending in the U.S. District Court for the District of Arizona.
• The putative class period runs from February 15, 2022 through September 24, 2025, according to the filings.
• Complaints allege Freeport failed to adequately ensure safety at the Grasberg Block Cave mine, creating foreseeable risks of worker deaths and undisclosed regulatory, litigation and reputational exposure.
• Filings cite company updates on September 9 and 24, 2025 about a wet-material flow that trapped seven workers, confirmed two fatalities with five missing, forecast 2026 PTFI output about 35% below prior estimates, and corresponded with FCX share drops of roughly 6% and 17%, with another 6% the next day after a Bloomberg report.
• Notices emphasize that no class has been certified, investors may move to be lead plaintiff by January 12, 2026, and contingency-fee arrangements mean no out-of-pocket costs to participate.