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Dienstag, 10.10.2023 11:00 von | Aufrufe: 144

ORGN Investors Have Opportunity to Lead Origin Materials, Inc. Securities Fraud Lawsuit

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PR Newswire

LOS ANGELES, Oct. 10, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Origin Materials, Inc. ("Origin" or the "Company") (NASDAQ: ORGN).

Class Period: February 23, 2023August 9, 2023
Lead Plaintiff Deadline: October 24, 2023

If you wish to serve as lead plaintiff of the Origin lawsuit, you can submit your contact information at www.glancylaw.com/cases/Origin-Materials-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Origin would not be able to meet its previously announced timeline for the construction of the Origin 2 plant; (2) demand for PX had dropped such that it would not be the production focus of Origin 2; (3) Origin could not construct Origin 2 at its previously disclosed cost; (4) Origin could not construct Origin 2 at the scale it had previously identified; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.  If you inquire by email please include your mailing address, telephone number and number of shares purchased.


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SOURCE Glancy Prongay & Murray LLP

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