An investigation for investors in Resolute Forest Products Inc. (NYSE: RFP) shares over potential securities laws violations by Resolute Forest Products Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/27/2020 -- An investigation was announced over potential securities laws violations by Resolute Forest Products Inc. in connection with certain financial statements.
Investors who purchased shares of Resolute Forest Products Inc. (NYSE: RFP), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Resolute Forest Products Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Canada based Resolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. Resolute Forest Products Inc. reported that its annual Total Revenue declined from over $3.75 billion in 2018 to over $2.92 billion in 2019, and that its Net Income of $235 million in 2018 declined to a Net Loss of $47 million in 2019.
Shares of Resolute Forest Products Inc. (NYSE: RFP) declined from $15.75 per share in September 2018 to as low as $1.14 per share on April 1, 2020.
Those who purchased shares of Resolute Forest Products Inc. (NYSE: RFP) have certain options and should contact the Shareholders Foundation.
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