NEW YORK, Nov. 10, 2026 (GLOBE NEWSWIRE) -- SueWallSt reminds purchasers of O-I Glass, Inc. (NYSE: OI) securities of a pending securities class action on behalf of investors who bought between March 14, 2025 and July 28, 2026. YOUR OPTIONS: Class members may be entitled to compensation without payment of any out-of-pocket fees. See if you could be eligible to recover or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.
THE STAKES: OI closed at $9.06 per share on July 28, 2026 and fell to $7.70 on July 29, 2026. That is a loss of about 15%, in a single session, more than 16 months after the Class Period opened. Investors have until December 28, 2026 to seek lead plaintiff status.
The O-I Glass Timeline: Alleged Disclosure Failures, Date by Date
As set forth in the complaint, the warning signs multiplied while the public message stayed confident:
- March 14, 2025: At Investor Day, the Company reaffirmed its 2027 targets, set preliminary 2029 objectives, and cast Fit to Win as the engine of higher earnings.
- July 29 and November 4, 2025: The Company raised full-year 2025 guidance twice and credited Fit to Win momentum both times.
- February 10 and 11, 2026: Management reaffirmed the 2027 Investor Day targets and expanded the cumulative Fit to Win savings goal.
- February 25, 2026: At an industry conference, management acknowledged that quarterly earnings would land below its identified range. It then stated, "we are not changing our full year view."
- April 28, 2026: The Company released first quarter results with revised 2026 guidance, citing higher global energy costs and additional net price pressure in Europe.
- July 28, 2026, after the close: The Company cut 2026 adjusted EBITDA and free cash flow guidance substantially and realigned its 2027 Investor Day targets.
The complaint recounts that the first revision did not tell the whole story. It is alleged that Fit to Win was running behind its targeted savings, and that higher-than-expected expenses and operational disruptions were materially offsetting its benefits. Plaintiffs contend that the July 28 announcement corrected those prior alleged misstatements.
"Timely disclosure of material developments is fundamental to fair and efficient markets. The complaint alleges that O-I Glass kept reaffirming its outlook well into 2026 while cost savings were allegedly falling behind plan, and that shareholders bore a 15% decline when the July 28 reset came." -- Joseph E. Levi, Esq.
Where the Case Stands
The action (Case No. 3:26-cv-02849) was filed on October 29, 2026 in the U.S. District Court for the Northern District of Ohio, Western Division. It asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 against the Company and two senior executives.
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WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the OI Lawsuit
Q: What specific misstatements does the OI lawsuit allege? A: The complaint alleges that O-I Glass made materially false or misleading statements during the Class Period. These concerned its 2026 financial outlook, the progress of its Fit to Win cost-savings initiative, and competitive and energy-cost pressures affecting its European operations. The stock price declined sharply after the Company disclosed second quarter 2026 results, reduced 2026 guidance, and realigned 2027 targets on July 28, 2026.
Q: When did O-I Glass allegedly mislead investors? A: The Class Period runs from March 14, 2025 to July 28, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.
Q: What court was the OI class action filed in? A: The case was filed in the United States District Court for the Northern District of Ohio, Western Division, governed by the Private Securities Litigation Reform Act of 1995.
Q: What documents do I need to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.
Q: What if I already sold my OI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.
Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
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