Investigation Launched into Rayonier Advanced Materials Inc.


Pomerantz LLP, a renowned law firm specializing in corporate and securities litigation, has initiated an investigation on behalf of investors of Rayonier Advanced Materials Inc. (NYSE: RYAM). The investigation aims to uncover potential securities fraud or other unlawful business practices conducted by Rayonier and certain officers and/or directors of the company.

Rayonier recently announced the temporary suspension of operations at its Temiscaming High Purity Cellulose (HPC) plant, effective July 2, 2024. This decision was made in light of current market conditions and the high costs associated with the HPC plant. By suspending operations, Rayonier aims to reduce ongoing operating losses and enhance its consolidated free cash flow.

The announcement had a negative impact on Rayonier’s stock price, causing a decrease of $0.40 per share, equivalent to 9.69%, and closing at $3.73 per share on April 30, 2024.

Pomerantz LLP, founded by Abraham L. Pomerantz, a pioneer in the field of securities class actions, has been at the forefront of fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct for over 85 years. The firm has a successful track record, having recovered billions of dollars in damages for its clients.

Investors who have suffered losses in Rayonier and are interested in joining the class action lawsuit are encouraged to reach out to Danielle Peyton at [email protected] or call 646-581-9980, ext. 7980.

Please note that prior results do not guarantee similar outcomes and this article should not be considered as legal advice. This article is for informational purposes only.

For more information about Pomerantz LLP and its expertise in corporate, securities, and antitrust class litigation, visit their website at

Contact Information:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

In addition to the information provided in the article, here are some additional facts and insights related to the investigation into Rayonier Advanced Materials Inc.:

Current Market Trends:
1. Sustainability and Environmental Concerns: The market trend towards sustainability and eco-friendly practices has put pressure on companies, including those in the chemical industry, to adopt greener technologies and reduce their carbon footprint.

1. Impact of Plant Suspension: The temporary suspension of operations at the Temiscaming High Purity Cellulose plant may have short-term financial implications for Rayonier. It is important to monitor how the company manages the costs associated with the suspension and if it can improve its free cash flow as intended.

Key Challenges or Controversies:
1. Potential Securities Fraud: The investigation initiated by Pomerantz LLP suggests the possibility of securities fraud or unlawful business practices by the company or its officers and/or directors. This raises concerns about corporate governance and potential mismanagement.

1. Improved Cash Flow: By suspending operations at the HPC plant, Rayonier aims to reduce operating losses and enhance its consolidated free cash flow. If successful, this could improve the company’s financial position and long-term sustainability.

1. Stock Price Decrease: The announcement of the plant suspension had a negative impact on Rayonier’s stock price, causing a decrease of $0.40 per share. This decrease may worry investors and affect the company’s overall market reputation.

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