ORGN - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Origin Materials Inc. (ORGN) | Benzinga

NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of California on behalf of all persons or entities who purchased or otherwise acquired Origin Materials, Inc. ("Origin Materials" or the "Company") (NASDAQ:ORGN) securities between February 23, 2023 and August 9, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' alleged violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

Origin Materials is a sustainable materials company founded in 2008 by chemical engineering students at the University of California, Davis. 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. One of the sustainable materials in Origin's platform is chloromethylfurfural ("CMF"), a building ...

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