Origin Materials Class Action Settlement Approved
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy ORGN?
Source: PRnewswire
- Settlement Amount Confirmed: The U.S. District Court for the Eastern District of California has approved a $9 million class action settlement for Origin Materials, aimed at compensating investors who purchased securities between March 7 and August 9, 2023, which is expected to alleviate investor losses and restore market confidence.
- Hearing Schedule: A hearing set for June 8, 2026, at 1:30 PM will determine the fairness and adequacy of the proposed settlement and review the motion for attorney fees, which, if approved, could set a precedent for future similar cases.
- Claims Process Explained: Affected investors must submit a claim form by May 4, 2026, or risk losing their eligibility for compensation, highlighting the importance of timely action to ensure their rights are protected.
- Exclusion Rights Notification: Investors wishing to opt-out of the settlement class must submit a written request by May 4, 2026, and failure to do so will bind them to the court's judgments, ensuring transparency and fairness in the settlement process.
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Analyst Views on ORGN
About ORGN
Origin Materials, Inc. is a technology company that enables the world’s transition to sustainable materials. The Company has developed multiple sustainable and performance-enhanced solutions for improving recycling and circularity, including its polyethylene terephthalate (PET) closures, as well as low-carbon material solutions for a wide variety of products and applications. Its furanics technologies include its furanics platform for transforming carbon into sustainable materials for a wide range of end products capable of addressing market opportunities, including food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments, and fuels. Its furanics technologies transform biomass, or plant-based carbon, into versatile intermediate chemicals. These intermediate chemicals include chloromethylfurfural and hydrothermal carbon, which it refers to as Furanic Intermediates, as well as oils and extractives and other co-products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Origin Materials Class Action Settlement Approved
- Settlement Amount Confirmed: The U.S. District Court for the Eastern District of California has approved a $9 million class action settlement for Origin Materials, aimed at compensating investors who purchased securities between March 7 and August 9, 2023, which is expected to alleviate investor losses and restore market confidence.
- Hearing Schedule: A hearing set for June 8, 2026, at 1:30 PM will determine the fairness and adequacy of the proposed settlement and review the motion for attorney fees, which, if approved, could set a precedent for future similar cases.
- Claims Process Explained: Affected investors must submit a claim form by May 4, 2026, or risk losing their eligibility for compensation, highlighting the importance of timely action to ensure their rights are protected.
- Exclusion Rights Notification: Investors wishing to opt-out of the settlement class must submit a written request by May 4, 2026, and failure to do so will bind them to the court's judgments, ensuring transparency and fairness in the settlement process.
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Origin Materials Class Action Settlement Approved
- Settlement Amount Confirmed: The U.S. District Court for the Eastern District of California has approved a $9 million class action settlement for Origin Materials, aimed at compensating investors who purchased securities between March 7 and August 9, 2023, which is expected to alleviate investor losses and restore market confidence.
- Hearing Schedule: A hearing set for June 8, 2026, at 1:30 PM will determine the fairness and adequacy of the proposed settlement and review the motion for attorney fees, which, if approved, could set a precedent for future similar cases.
- Claims Process Explained: Affected investors must submit a claim form by May 4, 2026, or risk losing their eligibility for compensation, highlighting the importance of timely action to ensure their rights are protected.
- Exclusion Rights Notification: Investors wishing to opt-out of the settlement class must submit a written request by May 4, 2026, and failure to do so will bind them to the court's judgments, ensuring transparency and fairness in the settlement process.
See More
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- Stock Plunge: Hongli Group (NASDAQ:HLP) experienced a significant 46% drop in stock price over the past month, currently trading at $0.73 with an RSI of 24.9, indicating severe overselling and potential buying opportunities for investors.
- Compliance Announcement: On October 6, Hongli Group announced compliance with Nasdaq's minimum bid price requirement, demonstrating its commitment to maintaining regulatory standards despite the sharp decline in stock value.
- Market Reaction: On Thursday, shares of Hongli Group closed down 5.4%, reflecting investor concerns about the company's future performance, which could impact its financing capabilities and market confidence.
- Technical Indicators: Benzinga Pro's signals indicate a potential breakout for HLP shares, although the current RSI suggests continued downside risk in the short term, necessitating cautious evaluation by investors.
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- Stock Performance: Eightco's shares fell 6.5% to close at $2.15 on Monday, nearing its 52-week low of $0.98, with an RSI of 27.6 suggesting the stock may be undervalued and could present a buying opportunity.
- Origin Materials Financial Status: On November 13, Origin Materials reported a quarterly loss of 11 cents per share, an improvement from a loss of 26 cents per share a year ago, yet its stock fell approximately 35% over the past five days, raising concerns about its financial health.
- Trinseo Compliance Issues: Trinseo received a notice of non-compliance from the NYSE on December 15, leading to a 44% decline in its stock price over the past month, with an RSI of 26.4 indicating ongoing pressure and potential market risks.
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Market Movements: Several stocks experienced significant pre-market trading changes, with Perfect Moment Ltd rising 151% and Origin Materials, Inc. dropping 36.8% following their respective quarterly results.
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Premarket Trading Activity: Notable premarket trading activity is observed, indicating potential opportunities for traders to identify breakouts or reversals before the market opens.
Stock Movements: Several stocks are showing significant percentage increases while others are experiencing notable declines in Friday's premarket session.
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- Author's Perspective: The opinions shared in the article are solely those of the author and do not represent Nasdaq, Inc.
- Data Limitations: The information is based on data available up to October 2023.
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