Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine, which heightened risks of worker fatalities and regulatory, litigation, and reputational risks [3]. Shareholder Actions - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially become lead plaintiffs [4]. - Registration provides access to portfolio monitoring software for status updates throughout the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].

Market Overview - U.S. stock markets have shown strong performance in 2025, with the Dow, S&P 500, and Nasdaq Composite increasing by 13.1%, 17.1%, and 22.3% year to date, respectively [1] - Strong third-quarter earnings, solid economic fundamentals, and an anticipated interest rate cut by the Fed are expected to sustain market momentum through December [1] Corporate Focus - Five major companies with market capitalizations over $50 billion have been identified for investor focus in December, all of which have delivered double-digit returns in the past month: Carvana Co. (CVNA), Walmart Inc. (WMT), Applied Materials Inc. (AMAT), Freeport-McMoRan Inc. (FCX), and Merck & Co. Inc. (MRK) [2][8] Carvana Co. (CVNA) - Carvana's operational focus, scalable model, and cost-cutting efforts are attracting investor interest, with the acquisition of ADESA's U.S. operations enhancing its logistics and reconditioning processes [5][6] - Currently holding only a 1.5% share of the U.S. automotive retail market, Carvana has significant expansion potential [6] - The company reported an adjusted EBITDA of $637 million for Q3, up $208 million year-over-year, with industry-leading margins of 11.3% [7] - For the full year, Carvana forecasts adjusted EBITDA between $2 billion and $2.2 billion, an increase from $1.38 billion last year [7] - Expected revenue and earnings growth rates for Carvana are 44.8% and over 100%, respectively, for the current year [9] Walmart Inc. (WMT) - Walmart's diversified business model and strong omnichannel strategy have increased traffic to both physical and digital platforms, leading to steady grocery market share gains [10] - Significant enhancements in delivery capabilities include the Express On-Demand Early Morning Delivery service and partnerships with Salesforce and DroneUp [11] - Expected revenue and earnings growth rates for Walmart are 4.4% and 4.8%, respectively, for the current year [12] Applied Materials Inc. (AMAT) - Applied Materials is benefiting from a rebound in the semiconductor industry, particularly in foundry and logic sectors, with strong performance in its services segment [13][14] - The company has a diversified portfolio that supports growth across various sectors, including IoT and automotive [14] - Expected revenue and earnings growth rates for Applied Materials are 2% and 1%, respectively, for the current year [15] Freeport-McMoRan Inc. (FCX) - Freeport-McMoRan is expanding reserves through exploration activities and executing smelter projects in Indonesia, positioning itself to benefit from the automotive electrification trend [16] - The company is focused on reducing debt and maintaining solid financial health [16] - Expected revenue and earnings growth rates for Freeport-McMoRan are -1.9% and 0.7%, respectively, for the current year [17] Merck & Co. Inc. (MRK) - Merck's sales are driven by its blockbuster drug Keytruda and new product launches, with ongoing label expansions expected to sustain growth [18] - The company is pursuing M&A opportunities to diversify its pipeline beyond Keytruda, with recent approvals for new products [19] - Expected revenue and earnings growth rates for Merck are 1% and 17.4%, respectively, for the current year [20]

Investment Rating - Industry Rating: Recommended [5] Core Insights - In Q3 2025, Freeport's copper production decreased by 5.2% quarter-on-quarter to 413,700 tons, with a year-on-year decline of 13.1% due to a mud leak incident at PTFI and declining ore grades [2][3] - The average realized price for copper in Q3 2025 was $4.68 per pound, reflecting an increase of 8.8% year-on-year and 3.1% quarter-on-quarter [2] - The average unit net cash cost for copper was $1.40 per pound, up 0.7% year-on-year and 23.9% quarter-on-quarter, but below the guidance of $1.59 per pound in July 2025 [3][4] - Gold production in Q3 2025 was 287,000 ounces, down 37.1% year-on-year and 9.5% quarter-on-quarter, primarily due to the same mud leak incident [7] - Molybdenum production in Q3 2025 was 22 million pounds, a decrease of 32.5% year-on-year, while the average realized price increased by 5.2% year-on-year to $24.07 per pound [8] Summary by Sections Production and Sales - Q3 2025 copper production was 912 million pounds, with sales of 977 million pounds, both showing declines compared to the previous year [14] - Q3 2025 gold sales were 336,000 ounces, down 39.8% year-on-year [14] - Q3 2025 molybdenum sales were 19 million pounds, remaining stable year-on-year [14] Financial Performance - Q3 2025 revenue was $6.972 billion, a year-on-year increase of 2.7% [15] - Operating income for Q3 2025 was $1.972 billion, up 1.8% year-on-year [15] - Net income attributable to common stock was $674 million, with earnings per share of $0.46, reflecting a year-on-year increase of 28.1% [15] Future Outlook - For 2025, total expected sales are approximately 3.5 billion pounds of copper, 1.05 million ounces of gold, and 82 million pounds of molybdenum, with a significant portion of production expected to ramp up in late 2025 and 2026 [9][10] - The Grasberg mine is set to resume large-scale production in Q2 2026, with anticipated copper and gold production levels expected to match 2025 estimates [13]

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [11].

Core Viewpoint - Faruqi & Faruqi LLP is investigating potential claims against Freeport-McMoran Inc. related to a federal securities class action lawsuit, with a lead plaintiff deadline set for January 12, 2026 [2][4]. Group 1: Legal Proceedings - The lawsuit alleges that Freeport and its executives violated federal securities laws by making false or misleading statements and failing to disclose safety issues at the Grasberg Block Cave mine in Indonesia [4]. - The complaint highlights that inadequate safety measures posed a heightened risk of worker fatalities, which was not disclosed to investors [4]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm [2][4]. Group 2: Incident Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after a significant incident trapped seven workers, leading to a stock price drop of $2.77 (5.9%) to $43.89 per share [5]. - Following the tragic update on September 24, 2025, where two workers were confirmed dead, Freeport's stock fell by $7.69 (17%) to close at $37.67 per share [6]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, resulting in a further stock decline of $2.33 (6.2%) to $35.34 [7]. Group 3: Expert Opinions and Future Actions - An expert stated that the landslide incident at Freeport was preventable and should have been anticipated, raising concerns about the company's operational safety [8]. - The firm encourages anyone with information regarding Freeport's conduct, including whistleblowers and former employees, to come forward [9].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in Freeport securities [3]. - Investors have until January 12, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Arizona [3]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [4][5]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [4]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - Following updates on September 24, 2025, regarding fatalities and expected lower sales, the stock fell by $7.69 per share (almost 17%) [7]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further drop of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor sentiment [9].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [2][4]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [5]. Allegations - The lawsuit alleges that Freeport overstated its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [6]. Stock Performance - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) after announcing the suspension of mining operations due to a landslide that trapped team members [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales respectively, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, further reports about strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [11].

Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in worker fatalities and significant stock price declines [1][3][5]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it involves purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit alleges that Freeport-McMoRan failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. - On September 9, 2025, Freeport-McMoRan disclosed a significant incident at the Grasberg mine that restricted evacuation routes for workers, resulting in a nearly 6% drop in stock price [4]. Group 2: Incident and Financial Impact - Following the incident on September 24, 2025, Freeport-McMoRan reported two fatalities and indicated that production in 2026 could be approximately 35% lower than pre-incident estimates, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government due to the production halt, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Representation - Investors who suffered losses during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7]. - Robbins Geller Rudman & Dowd LLP is the law firm representing the investors in this class action, known for securing significant monetary relief for investors in securities fraud cases [8].

Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud affecting investors between February 15, 2022, and September 24, 2025 [1][2] Group 1: Allegations - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia [2] - It is alleged that the lack of proper safety measures posed a heightened risk that could foreseeably lead to worker fatalities [2] - The complaint states that these safety issues resulted in undisclosed regulatory, litigation, and reputational risks, making previous statements about the company's business and operations materially false and misleading [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Core Points - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with specific deadlines for filing lead plaintiff motions [1][2][3][4]. Group 1: Freeport-McMoran Inc. (NYSE: FCX) - The class period for Freeport-McMoran is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [2]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine in Indonesia, leading to heightened risks for workers and misleading positive statements about the company's operations [2]. Group 2: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [3]. - The complaint alleges significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures and resulting in overstated financial results [3]. Group 3: StubHub Holdings, Inc. (NYSE: STUB) - The class period for StubHub is from its September 2025 IPO, with a lead plaintiff deadline of January 23, 2026 [4]. - Allegations include misleading statements regarding changes in payment timing to vendors, adversely affecting free cash flow and resulting in materially misleading financial reports [4].