Andrews
& Springer LLC, a boutique securities class action law firm
focused on representing investors nationwide, is investigating potential
securities fraud claims against Freeport-McMoRan Inc. (NYSE:FCX) (“FCX”
or the “Company”) in connection with the Company’s November 14, 2014,
Notes Offering.
On November 10, 2014, FCX announced the sale of $3.0 billion of senior
notes: $750 Million of 2.30% Senior Notes Due November 14, 2017 (CUSIP:
35671DBK0); $600 Million of 4.00% Senior Notes Due November 14, 2021
(CUSIP: 35671DBH7); $850 Million of 4.55% Senior Notes Million Due
November 14, 2024 (CUSIP: 35671DBL8); and $800 Million of 5.40% Senior
Notes Due November 14, 2034 (CUSIP: 35671DBJ3).
On January 27, 2015, the Company recorded a roughly $5.4 billion
impairment charge on goodwill and the value of its oil and gas
properties. The Company also announced that it was cutting its capital
expenditure budget by $2 billion. As a result of the foregoing news, the
price of all four notes has declined causing note holders to incur
millions in losses. Andrews & Springer LLC is investigating whether FCX
omitted material information and made misleading statements in
connection with its Notes Offering.
If you bought or sold any of the above mentioned notes and want to
receive additional information and protect your investments free of
charge, please visit us at http://www.andrewsspringer.com/cases-investigations/FCX
or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn
– www.linkedin.com/company/andrews-&-springer-llc,
Twitter – www.twitter.com/AndrewsSpringer
or Facebook - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing investors and shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate misconduct.
Having formerly defended some of the largest financial institutions in
the world, our founding members use their valuable knowledge,
experience, and superior skill for the sole purpose of achieving
positive results for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
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Copyright Business Wire 2015