Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Freeport-McMoRan Inc. (NYSE: FCX) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them.
If you have held Freeport-McMoRan shares continuously since prior to February 15, 2022, you may have standing to seek corporate governance reforms focused on executive oversight at Freeport-McMoRan.
To learn more, contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471.Complaint Allegations
A previously filed securities class action complaint alleges that during the class period Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions created a foreseeable risk of worker fatalities; (3) these conditions constituted undisclosed heightened regulatory, litigation, and reputational risks; and (4) as a result, Defendants’ public statements regarding the Company’s business, operations, and prospects were materially false or misleading and/or lacked a reasonable basis.