LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm announces a class action lawsuit against Rentech, Inc. (“Rentech” or the “Company”) (Nasdaq: RTK). Investors who purchased or otherwise acquired Rentech shares between November 9, 2016, and February 20, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the April 24, 2017 lead plaintiff deadline.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On February 21, 2017, Rentech mentioned it would slow its Wawa facility due to equipment and operational problems that would need more unbudgeted capital investments. Rentech also mentioned “continued uncertainty” in regards to the profitability of pellets produced at the facility and informed investors that it was experimenting with alternatives for both the Wawa facility and Rentech.
When this information was revealed to the investing public, the value of Rentech fell significantly, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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