INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced by Law Offices of Howard G. Smith
February 01 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of Freeport-McMoRan Inc. ("Freeport-McMoRan" or
the "Company") (NYSE: FCX) concerning the Company and its officers’
alleged lack of internal controls and potential violations of the
Foreign Corrupt Practices Act. Injured investors with losses of
$500,000 are encouraged to contact the Law Offices of Howard G.
Smith to discuss their legal rights.
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 and have suffered a
loss, or if you 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
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/20160201005029/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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