Origin Materials (NASDAQ: ORGN) faces a securities fraud investigation by Schubert Jonckheer & Kolbe LLP regarding alleged false statements about their Origin 2 manufacturing plant. A U.S. District Judge has ruled that key claims in the lawsuit will proceed, focusing on allegedly misleading statements made between February 2023 and August 2023 about the facility's production focus and timeline.
The lawsuit claims Origin's management misled investors about the Origin 2 project, which was revealed in August 2023 to face several years of delays and changes in production plans, specifically no longer producing paraxylene (PX). This revelation caused the company's stock to drop 67%.
SAN FRANCISCO, Sept. 15, 2025 /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...
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