Recent Security Class Actions

Origin Materials, Inc. (NASDAQ: ORGN)

Company Name:Origin Materials, Inc.
Stock Symbol:NASDAQ: ORGN
Class Period Start:02/23/2023
Class Period End (inclusive):08/09/2023
Filing Deadline:10/24/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants misled investors by failing to disclose that: (1) Origin would not be able to meet its previously announced timeline for the construction of the Origin 2 plant; (2) demand for paraxylene ("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 of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.