Investor Suits Over Freeport-McMoRan’s Grasberg Disclosures Move Forward as Firms Seek Lead Plaintiff by Jan. 12
Plaintiffs allege the company concealed safety risks tied to a September 2025 incident at Indonesia’s Grasberg mine.
Overview
- Rosen Law Firm says it has filed a securities class action covering purchasers from February 15, 2022 through September 24, 2025.
- Bronstein, Gewirtz & Grossman notified investors that a case is filed and that motions to be appointed lead plaintiff are due January 12, 2026.
- Faruqi & Faruqi reports it is investigating claims and outlines allegations that Freeport failed to ensure safety at the Grasberg Block Cave, creating undisclosed regulatory, litigation, and reputational risk.
- Freeport disclosed on September 9, 2025 that a large flow of wet material at the Grasberg Block Cave trapped seven workers and later confirmed two fatalities with five still missing.
- No class has been certified and the claims are contested, with law firms urging shareholders to consider seeking lead-plaintiff status by the court’s deadline.