Kaspar

I. Background and Proposed Settlement

26 This is one of four related cases assigned to the 27 undersigned judge that involve claims under the Securities 28 Exchange Act of 1934 against several of the same defendants based on the same subject matter, namely the development and construction of the Origin 2 plant. Origin, which is headquartered in West Sacramento, California, is a Delaware corporation “specializing in developing and commercializing sustainable materials to replace traditional petroleum-based materials used in various industries.” (Docket No. 25-1 at 10.) On February 21, 2021, Origin announced a new capital projects plan that involved the construction of “two commercial-style plants”: Origin 1 and Origin 2. (Id.) “Origin 1 was expected to be operational by the end of 2022. Origin 2, a significantly larger manufacturing plant, was expected to be operational by mid-2025, and to supply the majority of the Company’s products from 2025 until 2027.” (Id.) Plaintiffs’ derivative claims “arise from allegations that the Individual Defendants breached their fiduciary duties as officers and…