Business
Pomerantz Law Firm Announces the Filing of a Class Action Against Origin Materials, Inc. and Certain Officers - ORGN
New York, New York--(Newsfile Corp. - October 7, 2023) - Pomerantz LLP announces that a class act...
About this update from Origen Resources Inc
[{"type":"text","content":"Pomerantz Law Firm Announces the Filing of a Class Action Against Origin Materials, Inc. and Certain Officers - ORGNNew York, New York--(Newsfile Corp. - October 7, 2023) - Pomerantz LLP announces that a class action lawsuit has been filed against Origin Materials, Inc. (\"Origin\" or the \"Company\") (NASDAQ: ORGN) and certain officers. The class action, filed in the United States District Court for the Eastern District of California, and docketed under 23-cv-02202, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Origin securities between February 23, 2023, and August 9, 2023, both dates inclusive (the \"Class Period\"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \"Exchange Act\") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.If you are a shareholder who purchased or otherwise acquired Origin securities during the Class Period, you have until October 24, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Origin is a sustainable materials company founded in 2008 by chemical engineering students at the University of California, Davis. The Company purports to have developed a platform to convert the carbon found in biomass into carbon negative materials that can replace the petroleum-based substances typically used in various end products. One of the sustainable materials in Origin's platform is chloromethylfurfural, a building block chemical that can be converted into, among other products, (1) paraxylene (\"PX\"), a product that can replace non-sustainable chemicals in existing supply chains to produce polyethylene terephthalate (\"PET\"); and (2) furandicarboxylic acid (\"FDCA\"), which can be converted into polyethylene furanoate (\"PEF\"). According to the Company,...