NEW YORK, Jan. 27, 2016 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of Freeport-McMoRan Inc.
("Freeport" or the "Company")
(NYSE: FCX), concerning whether the board has breached its
fiduciary duties to shareholders.
Freeport's Indonesian
subsidiary is subject to an inquiry by the Indonesian House of
Representatives regarding bribery solicitations by a public
official. In November 2015, it
was reported that an Indonesian state-owned enterprise workers
union planned to request that the U.S. Department of Justice
investigate whether Freeport had
violated the Foreign Corrupt Practices Act related to allegations
that Freeport had bribed public
officials to renew a mining contract. Thereafter,
Freeport's Chairman and the CEO of
its Indonesian subsidiary both resigned in December 2015 and January
2016, respectively.
On these developments, Freeport
stock is down from over $8 per share
in November 2015 to its current price
of $4.65.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own Freeport shares and
wish to discuss this matter with us, or have any questions
concerning your rights and interests with regard to this matter,
please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP