ORGN - Origin Materials Inc. (ORGN) Shareholder Alert: Robbins LLP Reminds Shareholders of Class Action Filed Against Origin Materials Inc. | Benzinga
SAN DIEGO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Origin Materials, Inc. (NASDAQ:ORGN) securities between February 23, 2023 and August 3 2023. Origin is a sustainable materials company that 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.
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What is this Case About: Origin Materials, Inc. (ORGN) Misled Investors Regarding Construction of its Origin 2 Plan and Product Focus
According to the complaint, On August 9, 2023, Origin announced that it was signi?cantly delaying the timeline for construction on its Origin 2 commercial plant and changing the product slate at Origin 2 from a focus on paraxylen to a focus on furandicarboxylic acid. The Company disclosed that it "now ...
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