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That month, investors began filing a series of lawsuits alleging Rayonier made false and misleading statements that caused them losses. The suits have been consolidated into a class-action lawsuit that was recently amended to nearly 100 pages. It alleged Rayonier overharvested its Pacific Northwest timber for over a decade and will be forced to reduce dividends significantly. The SEC subpoenaed Rayonier over its amended reports that November; the company said it is cooperating with the SEC. While another 2014 lawsuit, alleging Rayonier caused environmental damage to Georgia's Altamaha River, was dismissed by a judge, the investor case remains active. When the trouble came to light, Bush urged the company to "do the right thing" and self-report the problem, Martin said. "We were all of one accord in that." Another Bush-connected company facing a class-action complaint is Barrick Gold Corp., the world's largest gold mining company, which has come under shareholder scrutiny after paying its chairman a $12.9 million compensation package last year and $9.5 million the year before. The class-action suit, filed in 2013, focuses on the company's Pascua-Lama open pit gold and silver mine planned for the high desert border between Argentina and Chile and pitched as the company's "crown jewel." Instead, the lawsuit said, the project collapsed amid environmental problems, costing investors millions as Barrick's stock fell 65 percent from its high. Bush served on Barrick's international advisory board in 2011, 2012 and 2013. The advisory members, spokesman Andy Lloyd said, "are essentially there to provide strategic advice." He said the members meet once a year and provide counsel at other times. He declined to discuss Bush's role in depth and said his pay was confidential.
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