INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Rayonier Inc. (RYN) to Contact the Firm


NEW YORK, Nov. 26, 2014 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Rayonier Inc. ("Rayonier" or the "Company") (NYSE:RYN) of the January 12, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Rayonier and certain executives.

A complaint has been filed in the Middle District of Florida on behalf of all persons or entities who purchased or otherwise acquired Rayonier securities from February 28, 2014 through November 7, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, Rayonier made false and/or misleading statements and/or failed to disclose that (i) Rayonier's financial statements overstated its estimated timber inventory by including timber located in restricted, environmentally sensitive or economically inaccessible areas; (ii) the inclusion of this timber was inconsistent with Rayonier's historical definition of merchantable timber inventory, and a significant change from prior years; (iii) Rayonier's financial statements understated depletion expense in cost of goods sold by approximately $2.0 million for the quarters ended March 31, 2014, and June 30, 2014, which resulted in an overstatement of income of $1.9 million and $2.0 million for those periods; and (iv) there were material weaknesses in Rayonier's internal controls related to financial reporting as of December 31, 2013, March 31, 2014, and June 30, 2014.

On November 10, 2014, Rayonier announced that it is restating financial results for the first and second quarters of 2014.

Following this news, the price of the Company's stock declined by $5.08 per share, or nearly 15%, to close on November 10, 2014 at $28.82 per share.

Request more information now by clicking here: www.faruqilaw.com/RYN. There is no cost or obligation to you.

Take Action

If you invested in Rayonier stock or options from February 28, 2014 through November 7, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/RYN. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Rayonier's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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