UPCOMING DEADLINE: The Law Offices of Vincent Wong Notify Investors of Class Action Involving Rayonier, Inc. and a Lead Plain...
31 Dezembro 2014 - 4:46PM
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Middle District of
Florida on behalf of investors who purchased Rayonier, Inc.
("Rayonier" or the "Company") (NYSE:RYN) securities between April
29, 2014 and November 10, 2014.
Click here to learn about the case:
http://docs.wongesq.com/RYN-Info-Request-Form-547.
There is no cost or obligation to you.
The complaint alleges that the Company made false and/or
misleading statements regarding the Company's business,
operational, and compliance policies.
On November 3, 2014, the Company announced in an SEC filing that
it had understated its depletion expense in cost of goods sold by
approximately $2 million for the periods ended March 31, 2014 and
June 30, 2014. As a result of this understatement, the Company
further acknowledged a corresponding overstatement in those periods
of income for continuing operations of $1.9 million and $2 million
respectively. The Company cited a "material weakness in Rayonier's
internal controls related to merchantable timber inventory" as the
overstatements' cause.
If you suffered a loss in Rayonier you have until January 12,
2015 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://docs.wongesq.com/RYN-Info-Request-Form-547.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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