SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary

Before you go, we thought you'd like these...
Before you go close icon

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Freeport-McMoRan Copper & Gold Inc.

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Freeport-McMoRan Copper & Gold Inc. ("FCX" or the "Company") (NYS: 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 (NYS: PXP) and McMoran Exploration Co. (NYS: 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 jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/freeport-mcmoran-copper-gold-fcx.

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
Fax: 866-367-6510
www.zlk.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Freeport-McMoRan Copper & Gold Inc. originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners