Freeport-McMoRan Investors Urged to Seek Lead Role in Grasberg Safety Class Action
Investors face a Jan. 12, 2026 deadline to seek lead-plaintiff status in the early-stage case.
Overview
- Multiple shareholder firms, including Rosen, Schall, Glancy Prongay & Murray, The Gross Law Firm, and the Law Offices of Howard G. Smith, are soliciting investors to pursue leadership in the lawsuit.
- The filed complaint covers purchases between February 15, 2022 and September 24, 2025 and alleges misleading safety disclosures tied to Freeport’s Grasberg Block Cave mine in Indonesia.
- Notices state that no class has been certified and that investors are not represented unless they retain counsel or a class is later certified.
- Plaintiffs cite Freeport’s September 2025 incident disclosures—seven workers trapped after a wet-material flow, two confirmed fatalities, and a prolonged search—as the basis for alleged omissions and risk misstatements.
- Market data highlighted in the notices reports FCX shares fell 5.9% on Sept. 9, 17% on Sept. 24, and 6.2% on Sept. 25 following company updates and reporting on potential strains with Indonesia.