ORIGIN MATERIALS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Origin Materials, Inc. – ORGN
NEW ORLEANS, Aug. 29, 2023 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 24, 2023 to file lead plaintiff applications in a securities class action lawsuit against Origin Materials, Inc. (NasdaqCM: ORGN), if they purchased the Company’s securities between February 23, 2023, and August 9, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of California.
Get Help
Origin Materials investors should visit us at https://claimsfiler.com/cases/nasdaq-orgn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Origin Materials and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company would not be able to meet its previously announced timeline for the construction of its Origin 2 commercial plant; (ii) demand for paraxylene, a product that can replace non-sustainable chemicals in existing supply chains, had dropped such that it would not be the production focus of the Origin 2 plant; and (iii) the Company could not construct the Origin 2 plant at its previously disclosed cost or at the scale it had previously identified.
The case is Soto v. Origin Materials, Inc., et al., No. 23-cv-04332.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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