A lawsuit was filed on behalf of investors in Rayonier Advanced Materials Inc (NYSE:RYAM) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/06/2017 -- An investor, who purchased NYSE:RYAM shares, filed a lawsuit over alleged violations of Federal Securities Laws by Rayonier Advanced Materials Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Rayonier Advanced Materials Inc (NYSE:RYAM) should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Rayonier Advanced Materials Inc (NYSE:RYAM) common shares between October 29, 2014 and August 19, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 29, 2014 and August 19, 2015, despite the Company's claims between October 29, 2014 and August 19, 2015 that in 2015 Rayonier "will be able to maintain or increase [its] share of volume at each of [its] top 10 customers," since 2013, one of its top three customers, Eastman Chemical Company ("Eastman"), had been informing Rayonier of its competitors' pricing and had requested that Rayonier respond to declines in market pricing, leading to a protracted dispute between Rayonier and Eastman Chemical Company over the "meet and release" provision of their agreement. As a result of defendants' false statements and/or omissions, Rayonier common stock traded at artificially inflated prices, reaching between October 29, 2014 and August 19, 2015 a high of more than $30 per share.
Those who purchased shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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