April 13, 2017
Forestry company Rayonier Inc. will pay $73 million to settle claims that it misled investors about its timber inventory and inflated its stock price until the truth came out in late 2014, according to documents filed in Florida federal court on Wednesday.
May 24, 2016
A Florida federal judge has denied timber company Rayonier Inc.'s bid to dodge a proposed shareholder class action accusing it of dooming stock prices by lying about maintaining sustainable forests, rejecting its argument that two trust funds that sued the harvester failed to state a claim.