Law Firm Brower Piven Announces Investigation of McMoRan Exploration Company

STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of McMoRan Exploration Company (“McMoRan” or the “Company”) (NYSE: MMR) and other violations of state law by the board of directors of McMoRan relating to the proposed acquisition of the Company by Freeport-McMoRan Copper & Gold Inc. (“Freeport”). The firm’s investigation seeks to determine, among other things, whether McMoRan’s board of directors breached their fiduciary duties by failing to maximize shareholder value.