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Rentech, Inc. (RTK)

NASDAQ:RTK

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Rentech, Inc. To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Rentech, Inc. (“Rentech” or the “Company”) (NASDAQ:RTK) of the April 24, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Rentech securities between November 9, 2016 and February 20, 2017 (the “Class Period”).  The case, Las Heras v. Rentech, Inc. et al, No. 2:17-cv-00997 was filed on February 22, 2017, and has been assigned to Judge Leonard D Wexler.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company’s resources were not sufficient to overcome any operating challenges and remaining bottleneck at the Wawa facility; (2) subsequently, 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; (3) as a result, the Company’s statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable bases.

Specifically, pre-market on February 21, 2017, Rentech issued a press release announcing that it would idle its Wawa facility due to equipment and operational issues and that it is exploring strategic alternatives for both the Wawa facility and the Company.

On this news, Rentech’s share price fell from $2.75 per share on February 17, 2017 to a closing price of $1.44 on February 21, 2017 —a $1.31 or a 47.64% drop.

Take Action

If you invested in Rentech securities between November 9, 2016 and February 20, 2017 and would like to discuss your legal rights, pleasefill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Rentech’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Rentech, Inc. (RTK)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 03/15/2017

Send Information

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