NEW YORK, Nov. 10, 2014 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Rayonier Inc. ("Rayonier" or the "Company") (NYSE:
RYN), concerning whether the board has breached its fiduciary
duties to shareholders and/or violated the federal securities
laws.
On November 10, 2014, the Company
disclosed that it had found "material weakness" in its internal
controls. The Company stated that some timber accounted for
as salable inventory was in "restricted, environmentally sensitive
or economically inaccessible areas." As a result, Rayonier's
consolidated financial statements for the first and second quarters
of 2014 should no longer be relied on and will need to be
restated.
Our investigation concerns whether: (a) the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing; and (b) the Company, or any of
its officer or directors violated the federal securities laws.
If you own Rayonier shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP