Judge Won't Delay Freeport Investor Suits Over $9B Deal

Law360, Wilmington (January 25, 2013, 9:30 PM EST) -- A Delaware judge on Friday refused to hold up shareholder derivative litigation challenging Freeport-McMoRan Copper & Gold Inc.’s $9 billion bid for two energy exploration companies, even though other shareholders had sought a stay as they push Freeport to turn over internal records.

In a letter opinion, Vice Chancellor John W. Noble tapped three law firms — Chimicles & Tikellis LLP, Bernstein Liebhard LLP and Labaton Sucharow LLP — to lead the charge for Freeport shareholders who contend the mining company is overpaying for Plains Exploration...
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