NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against Rayonier, Inc. (NYSE:RYN) on behalf of its shareholders resulting from allegations that the company may have issued materially misleading business information to the investing public.
On November 10, 2014, Rayonier restated its interim consolidated financial statements for the quarterly ended March 31, 2014 and June 30, 2014 following an internal review of its operations. The restatement results from Rayonier’s understatement of the depletion in the cost of goods sold. As part of its internal review, the Company also determined that its internal controls over financial reporting were not effective as of the end of 2013. On this news, shares of Rayonier fell sharply during intraday trading on November 10, 2014, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Rayonier shareholders as a result of this adverse information. If you purchased Rayonier stock on or before November 10, 2014, and would like to recover your losses please visit the website at http://rosenlegal.com/cases-433.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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