Lead‑Plaintiff Deadline Nears in Freeport‑McMoRan Securities Case Tied to Grasberg Incident

Overview

• Investors who bought Freeport‑McMoRan securities from February 15, 2022 through September 24, 2025 face a January 12, 2026 deadline to seek lead‑plaintiff status.
• At least four firms — Robbins Geller, Levi & Korsinsky, Faruqi & Faruqi, and the Law Offices of Howard G. Smith — are soliciting investors for the filed case.
• The complaint, captioned Reed v. Freeport‑McMoRan Inc., No. 25‑cv‑04243 (D. Ariz.), alleges the company understated safety hazards at the Grasberg Block Cave mine and related regulatory and reputational risk.
• Freeport disclosed on September 9, 2025 a wet‑material flow that trapped seven workers and paused Grasberg operations, with shares falling about 5.9% that day.
• Subsequent disclosures on September 24 and external reporting on September 25 were followed by drops of roughly 17% and 6.2%, which the complaint ties to investor losses.