March 29, 2019 - The case was dismissed.

July 16, 2018 - A motion to dismiss the amended complaint was filed.

June 14, 2018 - The case was transferred to the U.S. District Court for the Middle District of Florida.

January 12, 2018 - An amended complaint was filed.

August 17, 2017 - An investor in shares of Rayonier Advanced Materials Inc (NYSE: RYAM) filed a lawsuit in the U.S. District Court for the Middle District of Tennessee over alleged violations of Federal Securities Laws by Rayonier Advanced Materials Inc in connection with certain allegedly false and misleading statements made between October 29, 2014 and August 19, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Rayonier Advanced Materials Inc (NYSE: RYAM) common shares between October 29, 2014 and August 19, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 29, 2014 and August 19, 2015, despite the Company’s claims between October 29, 2014 and August 19, 2015 that in 2015 Rayonier Advanced Materials Inc “will be able to maintain or increase [its] share of volume at each of [its] top 10 customers,” since 2013, one of its top three customers, Eastman Chemical Company (“Eastman”), had been informing Rayonier Advanced Materials Inc of its competitors’ pricing and had requested that Rayonier Advanced Materials Inc respond to declines in market pricing, leading to a protracted dispute between Rayonier Advanced Materials Inc and Eastman Chemical Company over the “meet and release” provision of their agreement. As a result of defendants’ false statements and/or omissions, Rayonier Advanced Materials Inc common stock traded at artificially inflated prices, reaching between October 29, 2014 and August 19, 2015 a high of more than $30 per share.

On August 18, 2015, Rayonier Advanced Materials Inc filed a form with the SEC informing investors that the Company had filed an action against Eastman regarding its “chemical cellulose specialty products contract with Eastman.”

On August 19, 2015, the Company explaining further the dispute with Eastman Chemical Company. Specifically, the announcement stated that the language in the contract at issue involved the “meet or release” provisions of the agreement, which allow Eastman Chemical Company to obtain “third party offers that meet the requirements of the Supply Agreement for similar cellulose specialties products, and would require [Rayonier] to either meet such price or release the volume, thereby allowing Eastman to purchase the volume from the third party.”

In addition, the release disclosed that on August 12, 2017, Eastman Chemical Company had filed an action against Rayonier Advanced Materials Inc regarding the same “meet or release” provisions in their contract.