NEW YORK, March 02, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal
securities class announces that a class action lawsuit has been commenced in the United States District Court for
the Eastern District of New York on behalf of
purchasers of Rentech, Inc. (Nasdaq:RTK) (“Rentech” or the “Company”) securities during the
period between November 9, 2016 and February 20, 2017, inclusive (the “Class
Period”).
Investors who have incurred losses in shares of Rentech, Inc. are urged to contact the firm immediately
at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information
concerning the action on our website, www.whafh.com.
If you have purchased shares of Rentech, Inc. within the class
period and would like to assist with the litigation process, you may, no later than April 24, 2017, request
that the Court appoint you lead plaintiff of the proposed class.
According to the filed lawsuit, throughout the Class Period defendants made false and/or misleading
statements and/or failed to disclose that: (1) Rentech’s resources were not sufficient to overcome any operating challenges and
remaining bottleneck at the Wawa facility; (2) consequently, the Wawa facility would not reach approximately 60% of production
capacity within the next couple quarters and achieve full capacity in the range of 400,000 to 450,000 metric tons late in the year;
(3) as a result, defendants’ statements about Rentech’s business, operations and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times.
On February 21, 2017, Rentech announced its decision to idle the Wawa facility due to equipment and operational
issues that would require additional unbudgeted capital investment. On this news, shares of Rentech fell $1.31 per share or over
47% from its previous closing price to close at $1.44 per share on February 21, 2017, damaging investors.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and
derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various
practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and
other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex
securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case,
please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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Contact: Wolf Haldenstein Adler Freeman & Herz LLP Patrick Donovan, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
