EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Rayonier, Inc.
10 Novembro 2014 - 5:51PM
Business Wire
The Rosen Law Firm announces that it is investigating potential
securities claims against Rayonier, Inc. (NYSE:RYN) on behalf of
its shareholders resulting from allegations that the company may
have issued materially misleading business information to the
investing public.
On November 10, 2014, Rayonier restated its interim consolidated
financial statements for the quarterly ended March 31, 2014 and
June 30, 2014 following an internal review of its operations. The
restatement results from Rayonier’s understatement of the depletion
in the cost of goods sold. As part of its internal review, the
Company also determined that its internal controls over financial
reporting were not effective as of the end of 2013. On this news,
shares of Rayonier fell sharply during intraday trading on November
10, 2014, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Rayonier shareholders as a result of
this adverse information. If you purchased Rayonier stock on or
before November 10, 2014, and would like to recover your losses
please visit the website at http://rosenlegal.com/cases-433.html
for more information. You may also contact Phillip Kim, Esq. or
Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or
via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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