StockNews.AI
ORGN
StockNews.AI
3 hrs

Origin Materials, Inc. (NASDAQCM: ORGN) Investor Reminder: Schubert Jonckheer Investigating Possible False Claims

1. Origin Materials faces investigation over alleged misleading statements about a manufacturing plant. 2. A securities fraud lawsuit claims misrepresentation led to inflated stock prices. 3. A judge ruled that key claims against Origin's CEO will proceed in court. 4. The stock plummeted 67% after the truth about project delays was revealed. 5. Investigations may indicate further wrongdoing by Origin's directors and officers.

4m saved
Insight
Article

FAQ

Why Bearish?

The ongoing securities fraud lawsuit and past stock price collapse indicate significant risk.

How important is it?

The article reveals threats to Origin's legal standing and investor trust, critically affecting stock price.

Why Short Term?

Legal proceedings are likely to impact share price quickly, as investor confidence wanes.

Related Companies

AMRSAVYLICC
, /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP reminds Origin Materials, Inc. (NASDAQCM: ORGN) investors that the firm is investigating potential legal claims relating to alleged false statements regarding an Origin manufacturing plant under development, originally scheduled for completion by mid-2025. Current shareholders are encouraged to contact the firm here: https://www.classactionlawyers.com/originupdate. On February 12, 2025, U.S. District Judge William B. Shubb ruled that key claims in a securities fraud lawsuit against Origin and its CEO will move forward. The lawsuit alleges that between February 2023 and August 2023, Origin intentionally misled investors about the production focus and timeline for its new facility, known as Origin 2. These statements allegedly caused Origin's stock price to trade at artificially inflated prices. Judge Shubb found that the complaint sufficiently alleged that the defendants made false and misleading statements with an intent to defraud. When the truth was revealed in August 2023 that the Origin 2 project would be delayed several years and no longer produce paraxylene (PX), Origin's stock fell 67%. We are investigating potential wrongdoing by Origin's directors and officers in connection with these allegations. If you own stock in Origin, you may have legal options. Visit our website at https://www.classactionlawyers.com/originupdate to learn more.About Schubert Jonckheer & Kolbe LLPSchubert Jonckheer & Kolbe represents consumers in class actions and shareholders in derivative actions against corporate officers and directors. The firm is based in San Francisco and, with the help of co-counsel, litigates cases nationwide.ContactDustin L. SchubertSchubert Jonckheer & Kolbe LLP[email protected]Tel: 415-788-4220SOURCE Schubert Jonckheer & Kolbe LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News