BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Rentech, Inc. (“Rentech” or the “Company”) (NASDAQ: RTK) investors concerning the Company and its officers’ possible violations of federal securities laws.
On February 21, 2017, Rentech disclosed that it would idle its Wawa facility. Citing operational issues that necessitate unbudgeted capital investments, Rentech stated that there is “continued uncertainty” as to the profitability of products produced at the Wawa facility and instructed investors that it was seeking other strategic alternatives.
On this news, Rentech stock fell over 47% per share, closing at just $1.44 on February 21, 2017.
If you purchased Rentech securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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