Thieler Law Corp advises investors with losses exceeding $100,000 of the June 29, 2015 lead plaintiff deadline in a class action lawsuit filed against Rayonier Advanced Materials Inc (NYSE: RYAM) (“Rayonier Advanced” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Florida and investors, who purchased Rayonier securities between June 30, 2014 and January 28, 2015, have until June 29, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Rayonier Advanced securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

Rayonier Advanced was previously known as the Performance Fibers Division of Rayonier Inc. On January 27, 2014, Rayonier Advanced announced that it would spin-off its Performance Fibers Division, to be effected as a tax-free spin-off whereby 100 percent of the new company's shares would be distributed to shareholders of Rayonier Advanced. On June 30, 2014, Rayonier Advanced completed the spin-off of its Performance Fibers business (the "Separation") resulting in two independent, publicly-traded companies.

The complaint alleges that during the Class Period and including at the time of the Separation, Rayonier Advanced misled their public investors by issuing a series of materially false and misleading statements concerning Rayonier Advanced's financial condition. In particular, the Company improperly recorded and/or failed to record on its publicly issued financial statements material liabilities for environmental remediation and related obligations in violation of Generally Accepted Accounting Principles ("GAAP"). Rayonier Advanced also failed to offer adequate disclosure to investors to permit a meaningful evaluation of the true scope and extent of these environmental remediation and related liabilities, which were associated with decades of environmental pollution.

These materially misleading misstatements and omissions regarding Rayonier Advanced's financial results came about due to the following; (1) Defendants improperly accounted for Rayonier Advanced's remediation and long-term monitoring and maintenance for environmental liabilities; (2) due to that, the Company understated its Environmental Reserves; (3) due to that, Rayonier Advanced did not record appropriate reserves as required by GAAP; (4) due to that, the Company did not disclose a range of possible reserves for probable and reasonably estimable environmental remediation and related liabilities as required by GAAP; (5) due to that, Rayonier Advanced did not properly estimate known and probable environmental remediation obligations as required by GAAP; and (6) due to that, Rayonier Advanced did not maintain sufficient internal and financial controls.

Additionally, throughout the Class Period including at the time of the spin-off, Defendants also misled Rayonier Advanced 's public investors about the true demand for its products, namely acetate. While Defendants continuously touted that acetate demand was growing, in reality, demand was slowing, particularly because large customers in China had excess inventories.

Furthermore, as part of the spin-off process, RYAM incurred approximately $950 million of new debt to effect the Separation. Approximately $906 million of borrowings from the debt issuance was distributed back to Rayonier Advanced 's former parent company. RYAM knowingly and/or recklessly made misleading and false statements so that it could effectuate the Separation and raise borrowings in amounts and on terms that it otherwise would not have been able to receive.

Rayonier Advanced Materials Inc (NYSE: RYAM)  reported its annual Total Revenue fell from over $1.04 billion in 2013 to $957.69 million in 2014 and that its respective Net Income dropped from $219.77 million to $31.66 million.

RYAM shares dropped from $43.63 per share in July 2014 to as low as $14.43 per share on March 23, 2015.

On May 4, 2015, Rayonier Advanced shares closed at $18.79 per share.

If you were negatively impacted by your investment in Rayonier Advanced securities between June 30, 2014 and January 28, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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