Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Rayonier Advanced Materials Inc. (“Rayonier” or the “Company”) (NYSE: RYAM) securities between October 29, 2014 and August 19, 2015, inclusive (the “Class Period”). Rayonier investors have until October 16, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Rayonier page on our website at www.glancylaw.com.

The complaint filed in this class action alleges that throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose adverse information regarding Rayonier’s business and outlook, including the Company’s deteriorating relationship with a key customer, Eastman Chemical Company. Despite the Company’s claims during the Class Period of its ability “to maintain or increase its share of volume at each of its top 10 customers,” Eastman Chemical Company had been informing Rayonier throughout the Class Period of its competitors’ pricing and had requested that Rayonier respond to declines in market pricing, leading to a protracted dispute between Rayonier and Eastman over the “meet and release” provision of their agreement.

Then in August of 2015, Rayonier disclosed that Eastman Chemical Company had filed suit seeking to enforce the price matching provisions of its contract with Rayonier. Following this news, the price of Rayonier common stock fell $6.01 per share, or 44%, to close at $7.62 per share.

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If you purchased shares of Rayonier you may move the Court no later than October 16, 2017 to ask the Court to appoint you as lead plaintiff in this class action lawsuit. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action lawsuit. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

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