mail@shareholdersfoundation.com
An investor in Rentech, Inc. (Public, AMEX:RTK) filed a lawsuit in the United States District Court for the Central District of California on behalf of purchasers of Rentech, Inc. (AMEX:RTK) securities during the period between February 8, 2008 and December 15, 2009. Meanwhile an investigation on behalf of current long term shareholders in Rentech, Inc concerning possible mismanagement was announced.
If you are a current long term investor in Rentech, Inc. (AMEX:RTK) securities, you have certain options and you should contact the Shareholders Foundation, Inc at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
A Rentech, Inc investor has filed a lawsuit in the United States District Court for the Central District of California alleging that Rentech, Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between February 8, 2008 and December 15, 2009 false and/or misleading statements, and failing to disclose material adverse facts about its business, operations, and prospects. Then on December 14, 2009, Rentech, Inc announced that it would restate its previously reported annual and quarterly results for fiscal year 2008 and for the first three quarters of fiscal year 2009, to correct “a prior incorrect classification of cash deposits required by forward gas purchase contracts as inventory, and reclassifies them as deposits on gas purchase contracts within current assets on the balance sheet.” The plaintiff alleges that as a result of this news, Rentech, Inc stock (RTK) fell approximately 11% on unusually heavy trading volume from its December 14, 2009, closing price of $1.64 per share, to close on December 16, 2009, at $1.47 per share and the price of Rentech stock (RTK) has declined more than 22% since the disclosure of its improper accounting practices.
Those who are current long term investors in Rentech, Inc. (AMEX:RTK) securities, have certain options and should contact the Shareholders Foundation, Inc at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
Fax:+1-(858)-
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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