Archived Investigations
Origin Materials, Inc. (NYSE: ORGN)
Origin Materials and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company 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; and (iii) the Company could not construct the Origin 2 plant at its previously disclosed cost or at the scale it had previously identified.
The case is Soto v. Origin Materials, Inc., et al., No. 23-cv-04332.