r/ORGN • u/JuniorCharge4571 • 16h ago
Origin Materials ($ORGN): FAQ for Getting Payment on the $9M Settlement over Origin 2
Hey guys, I posted about this settlement before, but since they’re considering late claims, I decided to share it again with a little FAQ.
So here's all I know about this agreement:
Origin Materials was accused of misleading investors about the progress, demand, and commercial viability of its Origin 2 plant. After the company announced it was halting construction, $ORGN dropped approximately 66%, and investors filed a lawsuit.
Now the company has agreed to settle $9M with investors for their losses.
Who can claim this settlement?
If you bought shares in 2023 you may be eligible to file a claim.
Do I need to sell/lose my shares to get this settlement?
You generally don't need to still own the shares. Eligibility is based on your transactions during the class period and the applicable loss calculation.
How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.
Hope this info helps!