Multiple Firms File Securities Class Actions Against Freeport-McMoRan Over Grasberg Safety Claims

Overview

• Robbins Geller announced a case captioned Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.), alleging misleading statements about safety at the Grasberg Block Cave mine.
• The Rosen Law Firm previously filed a case covering purchases from February 15, 2022 through September 24, 2025 with a January 12, 2026 deadline to move for lead-plaintiff status.
• Bernstein Liebhard also disclosed a class action for the same period and is seeking investors with significant losses on a contingency-fee basis.
• The complaints point to September 2025 disclosures about a wet-material flow that trapped workers, subsequent reports of fatalities and suspended operations, and stock declines of about 6%, 17%, and more than 6% on successive days, as alleged.
• No class has been certified, and investors are not represented by counsel unless they retain one, though participation in any potential recovery does not require serving as lead plaintiff.