Freeport-McMoRan Securities Suit Over Grasberg Safety Nears Jan. 12 Lead Plaintiff Deadline

Plaintiffs say the company understated safety and regulatory risks linked to a fatal September incident that drove steep share declines.

Overview

Investors have until January 12, 2026 to seek appointment as lead plaintiff, and notices emphasize that no class has been certified and participation does not require serving as lead.
The filed class action covers purchases between February 15, 2022 and September 24, 2025, according to notices from Rosen, Levi & Korsinsky, and Faruqi & Faruqi.
The complaint alleges Freeport failed to adequately ensure safety at the Grasberg Block Cave mine, creating foreseeable risks of worker death and undisclosed regulatory, litigation, and reputational exposure.
Freeport disclosed on September 9, 2025 that a large flow of wet material trapped seven workers and said on September 24 that two were confirmed dead while five remained missing.
Plaintiff notices cite stock drops of about 5.9% on September 9, 17% on September 24, and 6.2% on September 25, and reference Bloomberg reporting that the production halt could strain ties with Indonesia.