Glancy Prongay & Murray Commences Investigation on Behalf of Freeport-McMoRan Inc. Investors
January 28 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) is investigating
potential claims on behalf of investors of Freeport-McMoRan Inc.
("Freeport-McMoRan" or the "Company") (NYSE: FCX) concerning the
Company and its officers possible violations of federal securities
laws.
On January 19, 2016, following an investigation concerning
allegations of corruption and bribery between the Company and
government officials to secure lucrative mining rights, the chief
executive officer of the Company’s Indonesian unit, Maroef
Sjamsuddin, stepped down. This news came less than a month after
the chairman of Freeport-McMoRan resigned allegedly due to similar
charges. Following these news reports, shares of the Company’s
stock fell in value, thereby damaging investors.
If you purchased Freeport-McMoRan securities, have information
or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160128005426/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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