NEW YORK, Oct. 21, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) announces an investigation concerning whether directors and officers of Resolute Forest Products, Inc. ("RFP" or the "Company") (NYSE: RFP) violated federal securities laws by issuing materially false and misleading information to the public.
On October 15, 2015, RFP announced that the Department of Commerce had determined a final subsidy rate in its countervailing duty investigation of the Company concerning imports of supercalendared paper from Canada. The final rate was 17.87%--a 15.83 point increase from Commerce's 2.04% preliminary rate released on July 29, 2015. Commerce imposed a higher rate based on "adverse facts available" and because the Company "did not fully cooperate with the investigation."
On this news, the Company's stock price dropped more than 5% to close at $9.66 on October 16, 2015, thereby damaging the Company's shareholders.
If you are a shareholder and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Peter W. Overs, Jr, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
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New York, New York 10022
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