NEW YORK, NY / ACCESSWIRE / September 26, 2023 / Weiss Law, a national shareholder rights law firm, is investigating possible breaches of fiduciary duty and violation of the federal securities laws by, among others, the Board of Directors and senior officers of Origin Materials, Inc. (NASDAQ:ORGN) ("Origin" or the "Company"), concerning the Company's business, operations, and prospects surrounding the construction of the Origin 2 commercial plant.
If you own Origin shares and wish to discuss this investigation, or share information which you have, or if you have any questions concerning this notice or your rights or interests, visit our website at
https://www.weisslaw.co/news-and-cases/orgn
Or contact:
Josh Rubin, Esq.
[email protected]
(212) 682-3025
THERE IS NO COST OR OBLIGATION TO YOU
After the market close on August 9, 2023, the Company announced a significant delay in the timeline for constructing the Origin 2 commercial plant. Origin further revealed that Origin 2 would cost more and yield less capacity than previously announced.
On this news, the price of the Company's common stock dropped from $4.33 on August 9, 2023, to close at $1.45 per share on August 11, 2023, a 65% decline. Analysts have correspondingly significantly reduced their stock price targets for the Company.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients. For more information about the firm, please go to: http://www.weisslaw.co.
SOURCE: Weiss Law