On May 20, 2016, the Honorable Timothy J. Corrigan of the United States District Court for the Middle District of Florida denied Defendants’ motions to dismiss in the action captioned In re Rayonier Inc. Securities Litigation, Case No. 14-cv-1395 (M.D. Fla.).  Saxena White is serving as Co-Lead Counsel on behalf of two institutional investors in the action.  In His Honor’s Order, Judge Corrigan stated that “[e]ven taking into account the heightened pleading standards under the Private Securities Litigation Reform Act and Eleventh Circuit precedent, the Court finds that Lead Plaintiffs have met those pleading standards and will therefore deny Defendants’ motion to dismiss.”  The action has now progressed into the discovery phase of litigation.