NEW YORK, March 6, 2017 /PRNewswire/ -- The following statement
is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Rentech, Inc. ("Rentech") (NASDAQ:
RTK) between November 9, 2016 and February 20,
2017 . You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the
Central District of California. To get more information go to:
http://www.zlk.com/pslra/rentech-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that 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 its
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 bases 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 capital investment. On this news, shares of Rentech fell over 47% from its
previous closing price to close at $1.44 per share on February 21,
2017.
If you suffered a loss in Rentech you have until April 24, 2017 to request that
the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm's attorneys have extensive expertise and experience representing
investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved
shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP