Freeport-McMoRan Investors Get Jan. 12 Deadline in Arizona Securities Case Tied to Grasberg Safety Claims
Plaintiffs allege the miner understated risks linked to a September incident at Indonesia’s Grasberg mine that was followed by sharp share declines.
Overview
- Bernstein Liebhard says it has filed a securities class action in the U.S. District Court for the District of Arizona covering purchases from February 15, 2022 through September 24, 2025.
- Rosen, Faruqi & Faruqi, and Robbins are soliciting clients as the lead-plaintiff motion deadline approaches on January 12, 2026, and no class has been certified.
- The complaints claim Freeport failed to adequately ensure safety at the Grasberg Block Cave mine, creating undisclosed safety, regulatory, litigation and reputational risks.
- Freeport disclosed on September 9 that a wet-material flow trapped seven workers and suspended mining, and on September 24 confirmed two fatalities with five still missing at that time.
- Filings cite market reactions with FCX falling on September 9, 24 and 25, and reference reporting that questioned incident preventability and potential strain with the Indonesian government.