Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 09/13/2018 (Court's order of dismissal)

Filing Date: January 26, 2016

Freeport-McMoRan Inc. is an American mining company based in Phoenix, Arizona.

According to the law firm press release, the Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) a Company employee had discussed, with senior officials in the Indonesian government, bribing Indonesian government officials in return for an extension of Freeport’s right to operate in the country; (ii) that Freeport had violated the Foreign Corrupt Practices Act (“FCPA”); and (iii) as a result of the foregoing, Freeport’s public statements were materially false and misleading at all relevant times.

On August 19, 2016, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiff filed an amended Complaint on December 6. Defendants filed a Motion to Dismiss the amended Complaint on February 27, 2017. On August 3, 2018, the Court issued an Order granting Defendants' Motion to Dismiss the amended Complaint. Lead Plaintiff was given leave to file an amended Complaint. As Lead Plaintiff failed to file an amended Complaint, the case was dismissed on September 13.

Protected Content

Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.