IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Rentech, Inc. and Encourages Investors with Losses to Contact the Firm
IRVINE, Calif., March 31, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Rentech, Inc. (“Rentech” or the “Company”) (Nasdaq:RTK). Investors who purchased or otherwise acquired shares between November 9, 2016 and February 20, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the April 24, 2017 lead plaintiff motion deadline.
If you purchased shares of Rentech during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, during the Class Period, Rentech made false and/or misleading statements and/or failed to disclose that: the Company’s resources were not sufficient to overcome any operating challenges and remaining bottleneck at its Wawa facility; that the Wawa facility would not reach approximately 60% of production capacity within the next couple quarters and achieve full capacity in the range of 400,000 to 450,000 metric tons late in the year; and that as a result of the above, Rentech’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
On February 21, 2017, Rentech announced its decision to idle the Wawa facility due to equipment and operational issues that would require additional capital investment. When this information was released to the public, Rentech’s stock price declined.
If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 joon@khanglaw.com
