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Rigrodsky & Long, P.A. Announces Investigation Of McMoRan Exploration Co. Buyout

WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of McMoRan Exploration Co. (“MMR” or the “Company”) (NYSE: MMR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Freeport-McMoRan Copper & Gold Inc. (“FCX”) (NYSE: FCX) in a transaction valued at approximately $3.4 billion.