Investors Seek Del. High Court's Input On Records Requests

Law360, Wilmington (February 5, 2013, 10:59 PM EST) -- Freeport McMoRan Copper & Gold Inc. investors on Tuesday sought permission to file an appeal to the Delaware Supreme Court in a dispute over Freeport's $9 billion bid for two energy exploration firms, seeking to clarify when shareholders must back their claims with internal corporate records before filing derivative suits.

The proposed interlocutory appeal concerns a Delaware judge’s recent decision allowing derivative litigation to go forward against Freeport’s board over the mining company’s controversial $9 billion bid for Plains Exploration & Production Co. and McMoRan Exploration...
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