Freeport-McMoRan Inc

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Case Summary
Company Name: Freeport-McMoRan Inc
Stock Symbol : NYSE: FCX
Class Period Start: 02/27/2015
Class Period End: 01/15/2016
Lead Plaintiff motion: 03/28/2016
Date Filed: 01/26/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Arizona
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the March 28, 2016 lead plaintiff deadline in a class action lawsuit filed against Freeport-McMoRan Inc (NYSE: FCX) (“Freeport-McMoRan” or “the Company”). The suit is pending in the U.S. District Court for the District of Arizona and investors, who purchased Freeport-McMoRan securities between February 27, 2015 and January 15, 2016, have until March 28, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Freeport-McMoRan securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that: Mr. Sjamsuddin, head of Freeport-McMoRan Indonesia, had discussed with senior officials in the Indonesian government, bribing Indonesian government officials in return for an extension of Freeport-McMoRan's right to operate in the country; that Freeport-McMoRan had violated the Foreign Corrupt Practices Act ("FCPA"); and as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.

On December 28, 2015, Executive Chairman of Freeport-McMoRan resigned from his position.  Then on January 19, 2016, Chief Executive Officer of Freeport-McMoRan's Indonesian unit, resigned.

Following this news, NYSE: FCX shares dropped 8.97% on January 19, 2016.

If you were negatively impacted by your investment in Freeport-McMoRan securities between February 27, 2015 and January 15, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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