March 13, 2017 / 9:24 PM / in 4 months

BRIEF-Rayonier announces settlement of securities class action litigation

1 Min Read

March 14 (Reuters) - Rayonier Inc

* Rayonier announces settlement of securities class action litigation

* Rayonier Inc says terms agreed upon by parties contemplate a settlement payment to class of $73 million

* Rayonier - settlement will resolve claims currently asserted against all defendants in action, including company and three former executive officers

* Rayonier Inc - expects to incur about $740,000 of costs in h1 2017 for reimbursement of certain pre-litigation legal expenses in connection with settlement

* Rayonier Inc says settlement payment will be funded by company's directors and officers liability insurance carriers Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below