SHAREHOLDER ALERT: Potential Recovery for Origin Materials, Inc. (ORGN) Investors Affected by Stock Drop – Levi & Korsinsky Pursuing Class Action Lawsuit
News provided byACCESSWIRE
Sep 19, 2023, 5:30 PM ET
NEW YORK, NY / ACCESSWIRE / September 19, 2023 / If you suffered a loss on your Origin Materials, Inc. (NASDAQ:ORGN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/origin-lawsuit-submission-form?prid=48856&wire=1 or contact Joseph E. Levi, Esq. via email at email@example.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Origin Materials, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between February 23, 2023 and August 9, 2023.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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 lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Origin stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/origin-lawsuit-submission-form?prid=48856&wire=1 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
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