Freeport-McMoRan (FCX) Securities Class Action Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Freeport-McMoRan Inc. (FCX)

If you purchased or acquired Freeport-McMoRan securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Freeport-McMoRan

Freeport-McMoRan is one of the world’s largest publicly traded copper and molybdenum producers, with significant mining operations in North America, South America, and Indonesia.

The company’s Grasberg Block Cave mine in Indonesia is especially important, as it, along with the Cerro Verde mine in Peru, accounts for a substantial percentage of Freeport-McMoRan’s consolidated copper production.

Potential Concerns Under Investigation

Lawyers are investigating whether Freeport-McMoRan may have made misleading statements or omitted key information regarding its operational risks and mine safety leading up to a significant incident at the Grasberg Block Cave mine.

On Sept. 8, 2025, a major incident occurred at the Grasberg mine involving a large flow of wet material that blocked evacuation routes and trapped seven workers. The following day, Freeport-McMoRan announced that operations were halted and stated that the workers were “believed to be safe.”

This disclosure resulted in a roughly 5% drop in the company’s stock price on Sept. 9, 2025. Subsequent events continued to impact investor confidence. On Sept. 20, 2025, news reports indicated that two bodies had been recovered in the search for the missing miners, further increasing concerns among investors.

Then, on Sept. 24, 2025, Freeport-McMoRan released a detailed update confirming two worker fatalities, five still missing, a 4% reduction in copper sales 6% reduction in Gold sales expected in the third-quarter, and an estimated 35% decrease in 2026 output. Following this announcement, the company’s shares dropped more than 16% in a single day, closing at around $39.31.

Attorneys may examine whether Freeport-McMoRan’s earlier statements downplayed the severity of the incident or failed to disclose known risks. For example, in a March 31, 2025, operational update, the company stated that consolidated production “approximated expectations” and that it did “not currently expect a material change to its 2025 annual guidance."

If management was already aware of unsafe underground conditions, such statements could be misleading.

Additionally, Freeport-McMoRan’s quarterly reports in April and July 2025 attributed profit declines to higher costs and maintenance, with no public warnings of severe geotechnical risks or abnormal safety conditions at Grasberg. The company’s July 23, 2025, report highlighted a "strong financial position and favorable long-term outlook," noting only a moderate 7% drop in production and no mention of safety incidents.

Lawyers may investigate whether the company adequately disclosed any known or foreseeable risks during this period.

The investigation might also review the company’s Sept. 9, 2025, statement that the trapped workers were “believed to be safe.” Later admissions of fatalities and missing workers could raise questions about the accuracy of this statement and whether shareholders were fully informed about the incident’s severity.

Stock price movements appear to be closely linked to these disclosures. For instance, on Sept. 24, 2025, the S&P 500 index fell only about 0.4%, while Freeport-McMoRan shares dropped more than 16%, suggesting the losses were tied to company-specific news. Analysts attributed these declines to Freeport-McMoRan’s own disclosures about the mine accident and revised guidance.

Attorneys could also evaluate whether senior management had direct knowledge of the incident’s severity before it was fully disclosed to investors. Potential damages for investors appear significant. Estimated class-wide losses could reach hundreds of millions of dollars.

Your Rights and Next Steps

Investors who purchased or acquired Freeport-McMoRan securities and suffered financial losses during the relevant period may have the right to participate in this ongoing investigation. It is important to note that this is an investigation, not a filed lawsuit.

However, such investigations can lead to class action lawsuits if sufficient evidence is uncovered.

Lawyers are ready to help investors understand their legal options, including whether they may be eligible to recover losses through a future class action. Investors are encouraged to gather documentation of their transactions and losses, as this information may be needed if a lawsuit is filed.

If you believe you were affected by the events described, you can take steps now to protect your potential claims.

You May Be Entitled to Compensation

Securities investigations are time-sensitive, and waiting too long can impact your rights. If you purchased or acquired Freeport-McMoRan securities and experienced losses, you may be eligible to join any potential class action and seek compensation for your damages.

To learn more about your rights and to participate in the investigation, complete the form below.