Soto

Soto v. Origin Materials, Inc.

Good Law
United States District Court, Eastern District of CaliforniaOctober 29, 20242:23-cv-01816California2,336 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA ----oo0oo---- 11 In re ORIGIN MATERIALS, INC. No. 2:23-cv-01816 WBS JDP

SECURITIES LITIGATION

MEMORANDUM AND ORDER RE:

MOTION TO DISMISS CORRECTED

ALL ACTIONS CONSOLIDATED FROM: AMENDED COMPLAINT

16 ANTONIO F. SOTO, individually and on behalf of all others similarly situated, 18 Plaintiff, 19 v.

ORIGIN MATERIALS, INC., RICHARD

J. RILEY, and JOHN BISSELL,

Defendants.

23 ----oo0oo---- Lead plaintiff Todd Frega brings this putative class action against defendants Origin Materials Inc., Richard Riley, and John Bissell, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act, 15 U.S.C. §§ 78j(b), 78t(a). Defendants now move to dismiss. (Docket No. 69.) I. Factual and Procedural Background1 Defendant Origin Materials (“Origin” or “the company”) is a publicly traded company that purports to produce “sustainable materials” by converting…

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