Saxena White is pleased to announce that on March 13, 2017, the parties reached an agreement in principle to settle the securities class action litigation pending in the United States District Court for the Middle District of Florida, In re Rayonier Inc. Securities Litigation, Case No. 3:14-cv-01395-TJC-JBT, against Rayonier and three former executive officers.

After litigating this case for almost two and a half years, Plaintiffs negotiated an outstanding $73 million settlement.  Saxena White is pleased to achieve such an impressive settlement for shareholders.  The proposed settlement is subject to completion of formal documentation and approval by the District Court following notice to all class members.