NEW
YORK, Feb. 18, 2025 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on
Wall Street, is investigating potential claims against:
- ORIGIN MATERIALS INC. (NASDAQ: ORGN)
It is alleged that Origin Materials, Inc., 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, investors were allegedly misled 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, 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 certain allegations in an 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.
If you own ORIGIN MATERIALS INC. (NASDAQ: ORGN) shares, you are
encouraged to contact us at fletcher@fmoorelaw.com or
call (212) 709-8245.
You may be able to seek monetary damages, corporate governance
reforms, reimbursement to the company, and a court approved
incentive award at no cost to you whatsoever.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff contingency litigation law firm for
investors. We have extensive experience representing
shareholders. We hold officers and directors accountable for
breaches of fiduciary duty, fraud, insider trading,
wasteful spending, and other corporate misconduct. Our
individual clients do not pay for our investor litigation
services. There is no cost to you ever.
We pride ourselves on 24/7 availability, same day email
responses, and constant case updates and client contact. We truly
value and appreciate our investor clients.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
(212) 709-8245
fletcher@fmoorelaw.com
www.fmoorelaw.com
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SOURCE Moore Law PLLC
