No qualifying author-owned investment thesis was confirmed in this post.
no investment thesis
▶ Full Post Text
We all wanted $ORGN to be the real deal—the circular economy, carbon-negative plastics, the whole pitch. But instead of a revolution, management handed us a **66% crash** in one day back in August 2023 when they finally admitted the "Origin 2" plant was a mess of cost overruns and delays.
It wasn't just a bad trade; they literally wiped out **$412 million** in market cap by moving the goalposts on us.
There is finally some accountability. A **$9,000,000 settlement** was just approved. If you bought shares between **February 7, 2023 and August 9, 2023**, you are eligible for a piece of this. The estimated payout is **$2.83 per share**.
I honestly didn't think I'd see a dime of my losses back, and I definitely wasn't going to spend hours filling out legal paperwork for a class action. I ended up using [a tool ](https://11th.com/cases/origin-investor-lawsuit)to automate the audit. You just link your brokerage (Schwab, Fidelity, etc.) and it scans your history to see if you qualify. They take a 20% commission on what they recover, but I’d much rather have 80% of a check I didn't know existed than 100% of the paperwork I'll never actually finish.
The deadline is **May 4, 2026**. If you were holding the bag through that '23 rug-pull, don't let management keep the money.