Case Summary
Freeport
NYSE: FCX
Case Details
- Reed v. Freeport-McMoran Inc. et al
- Class Period: February 15, 2022 - September 24, 2025
- Date Filed:November 12, 2025
- Jurisdiction:U.S. District Court, District of Arizona
- Docket Number: 2:25-cv-04243
- Lead Plaintiff Deadline: January 12, 2026
Seek Plaintiff 39
Overview
A class action lawsuit has been filed against Freeport-McMoRan Inc. (“Freeport” or the “Company”) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws. Freeport’s common stock trades on the New York Stock Exchange (the “NYSE”) under the ticker symbol “FCX.”
The Freeport class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Freeport securities between February 15, 2022, and September 24, 2025, both dates inclusive, (the “Class Period”).
Freeport is a mining company. Pertinent to this action is a copper mine operated by Freeport in Papua, Indonesia, called the Grasberg Copper and Gold Mine (“Grasberg” or the “Grasberg Mine”), in which the Indonesian government holds a commercial interest.
The Freeport lawsuit alleges that Defendants, throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) Freeport did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
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If you purchased or otherwise acquired publicly traded Freeport securities between February 15, 2022, and September 24, 2025, (the “Class Period”), you may be eligible to serve as lead plaintiff in this lawsuit. If you invested in Freeport securities and wish to seek appointment as lead plaintiff, we encourage you to contact DiCello Levitt LLP by submitting your information through the form on this page.
You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as lead plaintiff in the Freeport class action lawsuit is January 12, 2026.