Archived Investigations
Freeport-McMoRan Inc. (NYSE: FCX)
Freeport-McMoRan and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company failed to adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (ii) the failure to provide proper safety precautions resulted in a heightened risk that could foreseeably lead to the death of the Company’s workers; (iii) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (iv) 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.
The case is Reed v. Freeport-Mcmoran Incorporated, Inc., et al., Case No. 25-cv-04243.