Rayonier Advanced Materials Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Rayonier Advanced Materials Inc|
|Stock Symbol :||NYSE:RYAM|
|Class Period Start:||10/29/2014|
|Class Period End:||08/19/2015|
|Lead Plaintiff motion:||10/16/2017|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Middle District of Tennessee|
Thieler Law Corp advises investors with losses exceeding $100,000 of the October 16, 2017 lead plaintiff deadline in a class action lawsuit filed against Rayonier Advanced Materials Inc (NYSE:RYAM) (“Rayonier” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Tennessee and investors, who purchased Rayonier Advanced Materials Inc securities between October 29, 2014 and August 19, 2015, have until October 16, 2017 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 Materials Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing email@example.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.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose adverse information, about its business and outlook. Specifically, 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”), informed Rayonier of its competitors’ pricing and requested that it respond to declines in market pricing. This led to a protracted dispute between Rayonier and Eastman over the “meet and release” provision of their agreement.
On August of 2015, the Company revealed that Eastman Chemical Company had filed suit seeking to enforce the price matching provisions of its contract with Rayonier.
On this news, NYSE:RYAM fell $6.01 per share, or 44%, to close at $7.62 per share.
If you were negatively impacted by your investment in Rayonier Advanced Materials Inc securities between October 29, 2014 and August 19, 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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