NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Levi & Korsinsky, LLP announces that it has commenced an investigation of Resolute Forest Products Inc. ("Resolute Forest" or the "Company") (NYSE: RFP) concerning possible violations of federal securities laws by certain officers and directors.
On July 29, 2015, the U.S. Department of Commerce calculated a preliminary subsidy rate of 2.04% for Resolute Forest with respect to imports of supercalendared paper from Canada. Then on October 15, 2015, it was announced that the Department of Commerce, having concluded a countervailing duty investigation, had determined a final subsidy rate of 17.87% for the Company. According to a Resolute Forest press release, the Department of Commerce justified the change as "based on the application of 'adverse facts available'" and noted that Resolute Forest "did not fully cooperate with the investigation." Shares of Resolute Forest were down 8.2% on intraday trading on October 16, 2015. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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