NEW YORK, Aug. 18, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rayonier Advanced Materials Inc. ("Rayonier" or the "Company") (NYSE: RYAM) securities and certain of its officers, on behalf of a class who purchased Rayonier securities during the period between October 29, 2014 and August 19, 2015, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/ryam.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, Defendants issued materially false and misleading statements and/or failed to disclose adverse information regarding Rayonier's business and outlook. Specifically, the complaint alleges that, despite the Company's claims during the Class Period 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 over the "meet and release" provision of their agreement.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/ryam or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Rayonier you have until October 16, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.