FREEPORT-MCMORAN (FCX) NOTE HOLDER INVESTIGATION - Andrews & Springer LLC Announces Investigation of Freeport-McMoRan Inc.
09 Februar 2015 - 2:03PM
Business Wire
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. This notice constitutes
Attorney Advertising.
Andrews & Springer LLCCraig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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