SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of state and federal securities laws by Rayonier Inc. (NYSE: RYN) and certain of its officers. Rayonier engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers.
On November 10, 2014, before the markets opened, Rayonier reported its third quarter results. The Company announced that it was reducing the quarterly dividend, lowering guidance and would restate earnings for the first and second quarters. The restatement was to correct understatements in depletion expense and corresponding overstatements in income from continuing operations. In early morning trading Rayonier stock is down over 15%.
If you have information that could assist in this investigation, or if you are a Rayonier shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
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