SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Rayonier Advanced Materials Inc. Investors.

NEW YORK, May 6, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Rayonier Advanced Materials Inc. (“Rayonier” or the “Company”) (NYSE: RYAM). Such investors are advised to get in touch Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

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

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At April 29, 2024Rayonier issued a press release announcing this effective July 2, 2024will suspend operations at its high-purity cellulose (HPC) plant in Temiscaming indefinitely. Rayonier stated: “Given the current market conditions and the high capital and fixed costs associated with the HPC facility, this decision will help mitigate the facility’s ongoing operating losses and improve the Company’s consolidated free cash flow.”

On this news, Rayonier’s share price fell $0.40 per share or 9.69% to close $3.73 per share April 30, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel Aviv, is considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the deceased Abraham L. PomerantzPomerantz, known as the dean of the class action bar, pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of securities victims Fraud, breaches of fiduciary duty and corporate misconduct. The company has recovered billions of dollars in damages on behalf of the class plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 ext 7980

SOURCE Pomerantz LLP