5 FREQUENTLY ASKED QUESTIONS IN THE ORIGIN MATERIALS CLASS ACTION LAWSUIT

5 frequently asked qUESTIONS in the ORIGIN MATERIALS CLASS ACTION LAWSUIT

9/24/2023

Contact an Origin Materials stock loss Lawyer today if you suffered losses in Origin Materials stock

The Origin Materials class action lawsuit seeks to represent purchasers or acquirers of Origin Materials, Inc. (NASDAQ: ORGN) securities between February 23, 2023 and August 9, 2023, inclusive (the “Class Period”). Captioned Soto v. Origin Materials, Inc., No. 23-cv-01816 (E.D. Cal.), the Origin Materials class action lawsuit charges Origin Materials and certain of its top officers with violations of the Securities Exchange Act of 1934.

If you suffered losses in Origin Materials stock and wish to serve as lead plaintiff in the class action against Origin Materials, please provide your information below. You can also contact Origin Materials Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form.

As a reminder, Lead plaintiff motions for the Origin Materials lawsuit must be filed with the court no later than October 24, 2023.

Read on for answers to five frequently asked questions about the Origin Materials class action lawsuit.

what are the ALLEGATIONS IN THE ORIGIN MATERIALS CLASS ACTION LAWSUIT?

Origin Materials is a sustainable materials company that purports to have developed a platform to convert carbon found in biomass into carbon-negative materials that can replace the petroleum-based substances typically used in various end products. On February 17, 2021, Origin Materials announced that it had entered into a merger agreement with Artius Acquisition Inc., a special purpose acquisition company (commonly known as a blank-check company or SPAC). The companies announced that as a consequence of the merger, Origin Materials would begin trading on the NASDAQ.

The Origin Materials class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Origin Materials would not be able to meet its previously announced timeline for the construction of its Origin 2 commercial plant; (ii) demand for paraxylene, a product that can replace non-sustainable chemicals in existing supply chains, had dropped such that it would not be the production focus of the Origin 2 plant; (iii) Origin Materials could not construct the Origin 2 plant at its previously disclosed cost; and (iv) Origin Materials could not construct the Origin 2 plant at the scale it had previously identified.

On August 9, 2023, Origin Materials announced it was significantly delaying the timeline for construction on its Origin 2 commercial plan and changing the product slate at Origin 2. Origin Materials disclosed that it “now expects Origin 2 to be completed in two phases, with Phase 1 estimated to be completed in late 2026 to 2027, and Phase 2 estimated to be completed in 2028, compared with our initial expectation for a mid-2025 completion.” Origin Materials blamed the delay on the “high-cost environment” for capital projects. Origin Materials further revealed that the construction would cost more and yield less capacity than previously announced. On this news, the price of Origin Materials stock declined more than 66%, damaging investors.

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE ORIGIN MATERIALS CLASS ACTION LAWSUIT?

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Origin Materials stock to seek appointment as lead plaintiff in the Origin Materials class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.

A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Origin Materials stock and have further questions, contact Origin Materials stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in an Origin Materials class action lawsuit if you suffered losses in Origin Materials stock.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE ORIGIN MATERIALS CLASS ACTION LAWSUIT SETTLES?

No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Origin Materials class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff which directly relates to the representation of the Origin Materials class action lawsuit on behalf of investors who suffered losses in Origin Materials stock.

HOW WAS THE CLASS PERIOD DETERMINED IN THE ORIGIN MATERIALS CLASS ACTION LAWSUIT?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.

HOW CAN AN ORIGIN MATERIALS STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN ORIGIN MATERIALS STOCK?

An Origin Materials stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence.

Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.

CONTACT A ORIGIN MATERIALS STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ORIGIN MATERIALS STOCK ABOUT AN ORIGIN MATERIALS CLASS ACTION LAWSUIT

If you suffered losses in Origin Materials stock, contact Origin Materials stock loss lawyer Timothy L. Miles today for a free case evaluation about the Origin Materials class action lawsuit. Call today and see what an Origin Materials stock loss lawyer can do for you if you suffer losses in Origin Materials stock.

Origin Materials stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb ratedattorney by Avvo, a recipien t of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, product s liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.

CONTACT
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]