Business Transactions

Eastern District of California preliminarily approves a $9 million settlement of a federal securities class action against Origin Materials, Inc. and its CEO over allegedly misleading statements about the construction timeline of its Origin 1 and Origin 2 manufacturing plants.

Eastern District of California dismisses Sierra Railroad’s contract and declaratory relief claims against Comcast as time-barred under California’s four-year statute of limitations, holding that promises to ‘try’ to resolve a dispute and a continuing failure to pay do not tol