Core Viewpoint - Schubert Jonckheer & Kolbe LLP is investigating potential legal claims against Origin Materials, Inc. regarding alleged false statements about the development of a manufacturing plant, which was initially set to be completed by mid-2025 [1] Group 1: Legal Proceedings - A U.S. District Court judge has allowed a securities class action complaint against Origin to proceed, alleging that the company misled investors about the production focus and timeline of its new manufacturing plant, Origin 2, between February 2023 and August 2023 [2] - The lawsuit claims that these misleading statements inflated Origin's stock price, which subsequently fell by 67% when the delay and change in production plans were revealed in August 2023 [2] Group 2: Company Actions - The investigation by Schubert Jonckheer & Kolbe LLP is focused on potential wrongdoing by Origin's directors and officers in relation to the allegations of misleading investors [3]

Core Viewpoint - A shareholder class action lawsuit has been filed against Origin Materials, Inc. for allegedly misleading investors regarding the construction and operational timeline of its Origin 2 plant, which is critical for the company's future production capabilities [1][3]. Group 1: Allegations and Misconduct - The lawsuit claims that Origin failed to disclose significant issues, including the inability to meet the construction timeline for the Origin 2 plant, a drop in demand for paraxylene (PX), and an increase in projected costs [3]. - The complaint highlights that the defendants' positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Financial Impact - On August 9, 2023, Origin reported disappointing financial results, revealing that the Origin 2 plant would not be operational by mid-2025 as previously stated, and would be smaller and more expensive than initially projected [4]. - Following this announcement, Origin's stock price plummeted by $2.88, representing a decline of over 66%, closing at $1.45 per share on August 10, 2023 [4]. Group 3: Legal Proceedings - The investigation aims to determine whether members of Origin's board of directors violated securities laws or breached their fiduciary duties in relation to the alleged misconduct [5]. - Current shareholders who purchased shares before February 23, 2023, are encouraged to seek legal advice regarding their rights and options [6].