Law Firms Press Freeport‑McMoRan Class Action Ahead of Jan. 12 Lead‑Plaintiff Deadline
Investors are being urged to seek lead‑plaintiff status in cases alleging the miner misled the market about safety at its Grasberg Block Cave operation.
Overview
- Notices from The Schall Law Firm and Glancy Prongay & Murray on November 24 highlight a January 12, 2026 deadline for investors to move for lead‑plaintiff appointment.
- The putative class covers purchases of Freeport‑McMoRan securities from February 15, 2022 through September 24, 2025, according to the firms’ announcements.
- Complaints allege the company made false or misleading statements and failed to ensure adequate safety practices at the Grasberg Block Cave mine in Indonesia.
- Freeport disclosed on September 9 that a large flow of wet material trapped seven workers, with further updates on September 24 reporting two fatalities and five missing, which corresponded with steep stock declines.
- Subsequent media coverage on September 25 warned of potential strain with Indonesian authorities and an expert later called the event preventable, while the firms note the class is not yet certified.