SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In Rayonier Advanced Materials Inc. To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Middle District of Florida on behalf of purchasers of Rayonier Advanced Materials Inc. (“Rayonier Advanced” or the “Company”) (NYSE: RYAM) securities during the period between June 30, 2014 and January 28, 2015, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until July 6, 2015 to seek appointment as lead plaintiff.

If you have suffered a loss from investment in Rayonier Advanced securities purchased on or after June 30, 2014 and held through the revelation of negative information during and/or at the end of the Class Period, as described below, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Company securities during the Class Period. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Defendants incorrectly accounted for the Company’s remediation and long-term monitoring and maintenance for environmental liabilities, thus understating its reserves for probable and reasonably estimable environmental remediation and related liabilities as required by GAAP, the true demand for its products, and that in connection with its spin-off (the Company previously existed as the Performance Fibers Division of the Company’s former parent) the Company incurred approximately $950 million of new debt, $906 million of which was distributed to the Company’s former parent. According to the complaint, following the Company’s former parent’s November 10, 2014 announcement that it would be restating its financial results and that its quarterly reports for the periods ending March 31, 2014 and June 30, 2014 should no longer be relied upon, and following the January 28, 2015 announcement by the Company that is would be making substantial adjustments to its environmental reserves, the value of Rayonier Advanced shares declined significantly.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

Recent Stories

RSS feed for Brower Piven, A Professional Corporation

Brower Piven, A Professional Corporation