SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Plains Exploration & Production Company and

      SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces
     Investigation of Plains Exploration & Production Company and McMoRan
                               Exploration Co.

PR Newswire

NEW YORK, Dec. 5, 2012

NEW YORK, Dec. 5, 2012 /PRNewswire/ --

Plains Exploration & Production Company
Levi & Korsinsky is investigating the Board of Directors of Plains Exploration
& Production Company (NYSE: PXP) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the Company to
Freeport-McMoRan Copper & Gold Inc. ("FCX") (NYSE: FCX).

(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )

Click here to learn more about the investigation:
http://zlk.9nl.com/plains-exploration-pxp/, or call: 877-363-5972. There is no
cost or obligation to you.

Under the terms of the transaction, PXP shareholders will receive 0.6531
shares of FCX common stock and $25.00 in cash for each share of PXP stock they
own, representing a total consideration of $50.00 per PXP share. At least one
analyst set a price target for PXP stock at $78.00 per share.

McMoRan Exploration Co.
Levi & Korsinsky is investigating the Board of Directors of McMoRan
Exploration Co. (NYSE: MMR) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company to
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).

Click here to learn how to join the action:
http://zlk.9nl.com/mcmoran-exploration-mmr/, or call: 877-363-5972.

Under the terms of the transaction, MMR shareholders will receive $14.75 in
cash and 1.15 units of a royalty trust for each share they hold; the trust
will hold a 5% royalty interest in future production from MMR exploration
properties in ultra-deepwater territories. The transaction values MMR at $3.4
billion in cash. At least one analyst set a price target for MMR stock at
$21.00 per share.

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. For more information, please feel free
to contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

SOURCE Levi & Korsinsky, LLP

Website: http://www.zlk.com
 
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