Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF  ORIGIN MATERIALS, INC. (NASDAQ: ORGN)

Origin Materials, Inc. is a sustainable materials company founded in 2008. 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.

Grabar Law Office is investigating claims on behalf of Origin Materials, Inc. (NASDAQ: ORGN) shareholders. The investigation concerns whether certain officers of Origin Materials have breached their fiduciary duties owed to the company.

An underlying securities fraud class action complaint has survived Defendant’s motion to dismiss.  The complaint alleges that Origin Materials, Inc. (NASDAQ: ORGN), through certain of its officers, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the complaint alleges Defendants misled investors by failing to disclose that: (1) Origin would not be able to meet its previously announced timeline for the construction of the Origin 2 plant; (2) demand for paraxylene ("PX") had dropped such that it would not be the production focus of Origin 2; (3) Origin could not construct Origin 2 at its previously disclosed cost; (4) Origin could not construct Origin 2 at the scale it had previously identified; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On February 12, 2025, a federal court found that plaintiffs' amended class action complaint adequately pleaded scienter (defined as a mental state embracing intent to deceive, manipulate, or defraud) on the part of Origin Materials and one of its officers.

Current Origin Materials shareholders who have held Origin Materials stock since on or before February 23, 2023, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to contact Joshua H. Grabar at [email protected], or call 267-507-6085.

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