SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Rayonier Advanced Materials Inc. - RYAM
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Rayonier Advanced Materials Inc. - RYAM . (MENAFN - PR Newswire) 
  
  
 
 
 
 
 
 NEW YORK, Nov. 18, 2024 /PRNewswire/ --Pomerantz LLP is investigating claims on behalf of investors of Rayonier Advanced Materials Inc. ("Rayonier" or the ...
América - MenaFN
(MENAFN- PR Newswire)

NEW YORK, Nov. 18, 2024 /PRNewswire/ --

Pomerantz LLP is investigating claims on behalf of investors of

Rayonier Advanced Materials ("Rayonier" or the "Company")

(NYSE: RYAM ). Such investors are advised to contact Danielle

Peyton at [email protected]

or 646-581-9980, ext.

7980.

The investigation concerns whether Rayonier and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.



[Click here for information about joining the class action]



On October 14, 2024, Rayonier issued a press release "report[ing] that an isolated fire occurred at its Jesup, Georgia facility on October 11 at approximately 6 p.m. during planned maintenance activity[,]" advising that "[w]hile the plant's C line operations have resumed, the A and B lines will remain offline for repairs with a target start date the week of October 28.

Rayonier stated that "[w]hile the Company continues to assess the financial cost of the incident, the EBITDA impact is currently expected to be in the range of $15 to $20 million, subject to any potential insurance recovery."



On this news, Rayonier's stock price fell $0.81 per share, or 9.05%, to close at $8.14 per share on October 14, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .

Attorney advertising.

Prior results do not guarantee similar outcomes.



CONTACT:

Danielle Peyton

Pomerantz LLP

[email protected]

646-581-9980

ext. 7980

SOURCE Pomerantz LLP

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https://menafn.com/1108899631/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-Of-Investors-Of-Rayonier-Advanced-Materials-Inc-RYAM
2024-11-18
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(MENAFN - PR Newswire) 
  
  
 
 
 
 
 
 NEW YORK, Nov. 18, 2024 /PRNewswire/ --Pomerantz LLP is investigating claims on behalf of investors of Rayonier Advanced Materials Inc. ("Rayonier" or the ...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Rayonier Advanced Materials Inc. - RYAM