This lawsuit is for investors who purchased the common stock of Rentech, Inc. (AMEX: RTK) between February 8, 2008 and December 14, 2009.
The lawsuit alleges that the Company and certain of its executives violated federal laws. Specifically, lawsuit alleges that throughout the time period mentioned above the Company and certain of its executives made materially false and misleading statements about the Company's forward gas purchasing contracts and inventory valuation, the result of which was to overstate the Company's income for the fiscal year of 2009.
On December 14, 2009, Rentech 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 reclassify them as deposits on gas purchase contracts within current assets on the balance sheet.” On this announcement, the Company's share price started tumbling precipitously.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in Rentech, Inc. (AMEX: RTK) between February 8, 2008 and December 14, 2009 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
Terms:
correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
