Origin Materials, Inc. (NASDAQCM: ORGN) is facing legal scrutiny after a U.S. District Judge ruled that key claims in a securities fraud lawsuit against the company and its CEO will proceed. The lawsuit alleges that Origin misled investors regarding the production focus and timeline of its new facility, Origin 2, between February and August 2023. These actions purportedly led to artificially inflated stock prices. The truth emerged in August 2023, revealing significant project delays and production changes, causing the stock to plummet by 67%. Furthermore, Schubert Jonckheer & Kolbe LLP is investigating potential legal claims related to alleged false statements about the facility's development timeline. Current shareholders are urged to explore their legal options.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Origin Materials Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DC71112) on September 15, 2025, and is solely responsible for the information contained therein.
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