Origin Materials settles shareholder class action lawsuit

Origin Materials (ORGN) has entered into binding agreements to settle the shareholder class action lawsuit and the related derivative lawsuit pending in the United States District Court for the Eastern District of California. The proposed settlements resolve all claims asserted against Origin and the other named defendants in the lawsuits, without any liability or wrongdoing attributed to them or the company. The shareholder class action lawsuit and related derivative lawsuit were initially filed in August 2023 and March respectively.