Freeport-McMoRan Investors Reminded of Jan. 12 Lead-Plaintiff Deadline in Grasberg Safety Class Action
The notices follow allegations that Freeport concealed safety risks at its Indonesian Grasberg mine that preceded a September incident with confirmed fatalities.
Overview
- Multiple plaintiff firms, including Levi & Korsinsky, Faruqi & Faruqi, the Rosen Law Firm, and the Law Offices of Frank R. Cruz, issued investor reminders on Dec. 23–24, 2025.
- The putative class covers purchases of Freeport securities from February 15, 2022 through September 24, 2025, as stated in the firms’ announcements.
- Complaints allege Freeport failed to adequately ensure safety at the Grasberg Block Cave site, creating undisclosed regulatory, litigation, and reputational risks and rendering prior statements misleading.
- Freeport reported on Sept. 9, 2025 that a wet-material flow trapped seven workers and on Sept. 24 disclosed two fatalities with five workers still missing at that time.
- Notices cite stock drops tied to these disclosures and subsequent reporting: down 5.9% on Sept. 9, 17% on Sept. 24, and 6.2% on Sept. 25, with firms noting no class has been certified yet.