San Diego, CA -- (SBWIRE) -- 05/11/2015 -- An investor, who purchased shares of Rayonier Advanced Materials Inc (NYSE:RYAM), filed a lawsuit in the U.S. District Court for the Middle District of Florida over alleged violations of Federal Securities Laws by Rayonier Advanced Materials Inc in connection with certain allegedly false and misleading statements.

Shares of Rayonier Advanced Materials Inc (NYSE:RYAM) declined from $43.63 per share in July 2014 to as low as $14.43 per share on March 23, 2015.

Investors who purchased shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have certain options and for certain investors are short and strict deadlines running. Deadline: July 3, 2015. NYSE:RYAM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Rayonier Advanced Materials Inc (NYSE:RYAM) common shares between June 30, 2014 and January 28, 2015, that the defendants violated Federal Securities Laws.

Rayonier Advanced Materials Inc previously existed as the Performance Fibers Division of Rayonier, Inc. On January 27, 2014, Rayonier INc. announced that it would spin-off its Performance Fibers Division, to be effected as a tax-free spin-off whereby 100 percent of the new company's shares would be distributed to shareholders of Rayonier Inc.. On June 30, 2014, Rayonier Inc. completed the spin-off of its Performance Fibers business (the "Separation"), resulting in two independent, publicly-traded companies.

The plaintiff claims that Rayonier Advanced Materials Inc allegedly improperly recorded and/or allegedly failed to record on its publicly issued financial statements material liabilities for environmental remediation and related obligations in violation of Generally Accepted Accounting Principles ("GAAP) and that Rayonier Advanced Materials Inc also allegedly 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.

The plaintiff alleges that defendants allegedly incorrectly accounted for Rayonier Advanced Materials' remediation and long-term monitoring and maintenance for environmental liabilities, that as a result, Rayonier Advanced Materials Inc understated its Environmental Reserves, that as a result, Rayonier Advanced Materials Inc did not record appropriate reserves as required by GAAP, that as a result, Rayonier Advanced Materials Inc did not disclose a range of possible reserves for probable and reasonably estimable environmental remediation and related liabilities as required by GAAP, that as a result, Rayonier Advanced Materials Inc did not properly estimate known and probable environmental remediation obligations as required by GAAP, and that as a result, Rayonier Advanced Materials Inc did not maintain adequate internal and financial controls.

In addition, the plaintiff claims that between June 30, 2014 and January 28, 2015 including at the time of the spin-off, Defendants also misled Rayonier Advanced Materials' public investors about the true demand for its products, namely acetate and that while Defendants continuously touted that acetate demand was growing, in reality, demand was slowing, particularly because large customers in China had excess inventories.

Those who purchased shares of Rayonier Advanced Materials Inc (NYSE:RYAM) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com