UPDATE: The Settlement Hearing previously set for September 8, 2017 at 10:00 a.m. has been rescheduled due to inclement weather. The Settlement Hearing will now be held on September 19, 2017 at 10:00 a.m. at the United States Courthouse, Courtroom 10D, 300 North Hogan Street, Jacksonville, FL.
Welcome to the Settlement website for In re Rayonier Inc., Securities Litigation, pending in the United States District Court for the Middle District of Florida (the “Action”).
If you purchased or otherwise acquired Rayonier Inc. (“Rayonier”) common stock during the period from October 26, 2010 through November 7, 2014, inclusive, you may be entitled to receive a payment under the proposed settlement of a securities class action lawsuit.
Your legal rights are affected whether you act or do not act. Please read the Notice to fully understand your rights and options.
The Court-appointed Lead Plaintiff the Pension Trust Fund For Operating Engineers and the Lake Worth Firefighters’ Pension Trust Fund, on behalf of themselves and the other members of the Settlement Class (defined below), have reached a proposed settlement of the Action for $73,000,000 in cash that, if approved, will resolve all claims in the Action.
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
all persons or entities who purchased or otherwise acquired Rayonier common stock, during the period from October 26, 2010 through November 7, 2014, inclusive (the “Settlement Class Period”), and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class (see paragraph 18 of the Notice).
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Claim Form postmarked no later than October 13, 2017. Payments to eligible claimants will be made only if the Court approves the settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
IMPORTANT DATES AND DEADLINES
|October 13, 2017||Claim Filing Deadline. Claim Forms must be postmarked no later than October 13, 2017 to be eligible for a payment from the settlement.|
|September 19, 2017
at 10:00 a.m.
|Settlement Hearing. The Settlement Hearing will be held on September 19, 2017 at 10:00 a.m. before the Honorable Timothy J. Corrigan at the United States District Court for the Middle District of Florida, Bryan Simpson U.S. Courthouse, Courtroom 10D, 300 North Hogan Street, Jacksonville, FL 32202, to determine, among other things, whether the proposed Settlement is fair, reasonable and adequate and should be approved; whether the proposed Plan of Allocation is fair and reasonable and should be approved; and whether Class Counsel’s motion for an award of attorneys’ fees and reimbursement of expenses should be approved.|
You may also do nothing, in which case you will not receive any payment from the Settlement Fund and you will be bound by the terms of the Settlement, including the release of claims.
1 Capitalized terms not otherwise defined shall have the meaning as defined in the Stipulation of Settlement and/or the Notice.