SOURCE: Kahn Swick & Foti, LLC

May 22, 2015 22:00 ET

RAYONIER ADVANCED SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Rayonier Advanced Materials Inc. - RYAM

NEW ORLEANS, LA--(Marketwired - May 22, 2015) -  Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 6, 2015 to file lead plaintiff applications in a securities class action lawsuit against Rayonier Advanced Materials Inc. (NYSE: RYAM) if they purchased the Company's securities between June 30, 2014 and January 28, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Middle District of Florida.

What You May Do

If you purchased shares of Rayonier Advanced and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 6, 2015.

About the Lawsuit

On June 30, 2014, Rayonier, Inc. spun-off its Performance Fibers Division, resulting in two independent, publicly-traded companies (the "Separation"). Rayonier Advanced and certain of its executives are charged with failing to disclose material information during the Class Period and at the time of the Separation, violating federal securities laws. 

Rayonier Advanced allegedly 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") and failed to disclose the true demand for its products. Additionally, in connected with the Separation, Rayonier Advanced incurred approximately $950 million of new debt, $906 million of which was distributed to the Company's former parent company. 

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447