Rayonier, Inc. and Howard G. Smith

Law Offices Howard G. Smith: On June 30, 2014, Rayonier, Inc. completed the spin-off of its Performance Fibers business, resulting in RYAM existence as an independent, publicly-traded company, according to Market Watch. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company business, operation, and prospects. Investors that have sustained losses of over $67,000 are encouraged to contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 638-4847, toll-free at 638-4847, or by email to or visit our website at RYAM previously operated as the Performance Fibers subsidiary of Rayonier, Inc. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that RYAM 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 . RYAM also failed to provide sufficient 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. Investors have until July 6, 2015 to file a motion to be appointed as a class representative in this class action. These materially misleading misstatements and omissions regarding the Company financial results occurred, in large part, because of Defendants incorrectly accounted for its remediation and long-term monitoring and maintenance for environmental liabilities; and, thereby understated its Environmental Reserves and reasonably estimable environmental remediation and related liabilities as required by GAAP. As a result of Defendants wrongful acts and omissions, and the resulting drop in the value of RYAM share price, investors have suffered significant damages. (news.financializer.com). As reported in the news.