Rayonier, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Breaches of Fiducia...
08 Dezembro 2014 - 4:12PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
class action lawsuit has been filed against Rayonier, Inc.
(“Rayonier” or “Company”) (NYSE: RYN) and several officers and
directors for acts taken during the period of April 29, 2014 to
November 10, 2014 (the “Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of Rayonier. If you are an affected Rayonier
shareholder and want to learn more about the lawsuit or join the
action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or
Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or
via e-mail at shareholder@powerstaylor.com. There is no cost or fee
to you.
In the complaint, the defendants are alleged to have violated
certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
defendants misrepresented and/or failed to disclose that: a) it
understated its depletion expense in cost of goods sold by
approximately $2 million for the periods ended March 31, 2014 and
June 30, 2014; and b) overstated income for continuing operations
of $1.9 million for the period ended March 31, 2014 and $2.0
million for the period ended June 30, 2014. According to the
complaint, when the truth came out, Rayonier’s shares dropped.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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