SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into
Possible Breaches of Fiduciary Duty by the Board of Freeport-McMoRan Copper
& Gold Inc.
NEW YORK -- December 06, 2012
Levi & Korsinsky is investigating the Board of Directors of Freeport-McMoRan
Copper & Gold Inc. (“FCX” or the “Company”) (NYSE: FCX) for possible breaches
of fiduciary duty and other violations of state law in connection with the
Company’s recent purchases of Plains Exploration & Production Company (NYSE:
PXP) and McMoran Exploration Co. (NYSE: MMR).
Click here to learn more about the investigation:
http://zlk.9nl.com/freeport-mcmoran-copper-gold-fcx, or call: 877-363-5972.
There is no cost or obligation to you.
On December 5, 2012, FCX announced it would purchase PXP, offering PXP
shareholder 0.6531 shares of FCX common stock and $25.00 cash for each share
of PXP stock they own. On the same day, FCX also announced it would purchase
MMR for $14.75 in cash and 1.15 units of a royalty trust for each share of MMR
stock owned; this trust will hold a 5% royalty interest in future production
from MMR exploration properties in ultra-deepwater territories. The
investigation concerns whether the FCX Board is acting in the best of interest
of its shareholders.
If you own common stock in FCX and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results do
not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq., 212-363-7500
Toll Free: 877-363-5972
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