Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Rayonier, Inc. to Contact Brower P...
06 Janeiro 2015 - 6:12PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Middle
District of Florida on behalf of purchasers of Rayonier, Inc.
("Rayonier" or the "Company") (NYSE:RYN) securities during the
period between January 27, 2014 and November 7, 2014, inclusive
(the "Class Period"). Investors who wish to become proactively
involved in the litigation have until January 12, 2015 to seek
appointment as lead plaintiff.
If you have suffered a loss from investment in Rayonier
securities purchased on or after January 27, 2014 and held through
the revelation of negative information during and/or at the end of
the Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at
http://www.browerpiven.com/currentsecuritiescases.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in Company
securities during the Class Period. Brower Piven also
encourages anyone with information regarding the Company's conduct
during the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose that its interim consolidated financial
statements during the Class Period were materially
misstated. According to the complaint, following the
Company's November 10, 2014 restatement of its interim consolidated
financial statements for the quarters ended March 31, 2014 and June
30, 2014 which followed an internal review of its operations that
revealed Rayonier's understatement of depletion in its cost of
goods sold, the value of Rayonier shares declined
significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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