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ORGN INVESTOR NOTICE: Origin Materials, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
San Diego, California--(Newsfile Corp. - September 3, 2023) - Robbins Geller Rudman & Dowd ...
About this update from Origen Resources Inc
[{"type":"text","content":"ORGN INVESTOR NOTICE: Origin Materials, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitSan Diego, California--(Newsfile Corp. - September 3, 2023) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Origin Materials, Inc. (NASDAQ: ORGN) securities between February 23, 2023 and August 9, 2023, both dates inclusive (the \"Class Period\") have until October 24, 2023 to seek appointment as lead plaintiff of the Origin Materials class action lawsuit. Captioned Soto v. Origin Materials, Inc., No. 23-cv-01816 (E.D. Cal.), the Origin Materials class action lawsuit charges Origin Materials as well as certain of its top officers with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Origin Materials class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-origin-materials-inc-securities-class-action-orgn.htmlYou can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. CASE ALLEGATIONS: Origin Materials is a sustainable materials company that purports to have developed a platform to convert carbon found in biomass into carbon negative materials that can replace the petroleum-based substances typically used in various end products. The Origin Materials class action lawsuit alleges that on February 17, 2021, Origin Materials announced that it had entered into a merger agreement with Artius Acquisition Inc., a special purpose acquisition company (commonly known as a blank-check company or SPAC). The complaint further alleges the companies announced that as a consequence of the merger, Origin Materials would begin trading on the NASDAQ.The Origin Materials class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Origin Materials 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; (iii) Origin Materials could not construct the Origin 2 plant at its previously disclosed ...