Claims under Exchange Act Section 10(b), Section 20(a), and SEC Rule 10b-5 allege that O-I Glass omitted material adverse facts about its 2026 outlook and Fit to Win program before OI shares closed at $7.70.
NEW YORK, Nov. 12, 2026 /PRNewswire/ -- IMPORTANT DATE: December 28, 2026, is the deadline to seek lead plaintiff appointment in a securities class action against O-I Glass, Inc. (NYSE: OI) brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. SueWallSt notifies investors who purchased O-I Glass common stock between March 14, 2025 and July 28, 2026 of the pending case. Submit your information now or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
OI closed at $9.06 on July 28, 2026, and finished the next session at $7.70, a decline of about 15%. The move followed O-I Glass's reduction of its 2026 adjusted EBITDA and free cash flow guidance. The Company also realigned its 2027 Investor Day targets, including a $1.45 billion EBITDA goal it had reaffirmed repeatedly.
The Exchange Act Section 10(b) and 20(a) Counts Against O-I Glass
As pleaded, the first count charges that O-I Glass and two senior officers violated Section 10(b) and SEC Rule 10b-5. Plaintiffs allege the defendants made materially false or misleading statements, or omitted material adverse facts, about the Company's 2026 financial outlook and its Fit to Win cost program. The second count, under Section 20(a), seeks to hold those officers responsible for statements they allegedly had the power to control.
The 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. That district includes the Company's Perrysburg, Ohio headquarters, and plaintiffs have demanded a jury trial.
Alleged Omissions at the Heart of the Rule 10b-5 Claim
Plaintiffs allege that the following facts were missing from, or contradicted by, the Company's public statements during the Class Period:
- Delays in reaching targeted Fit to Win cost savings, even as the program was publicly described as delivering ahead of plan.
- Higher-than-expected expenses and operational disruptions that allegedly offset Fit to Win benefits.
- Competitive pressure and excess capacity in Europe, along with significantly higher energy costs after favorable energy contracts expired at year-end 2025.
- An interim revision on April 28, 2026, which the Company tied to higher global energy costs and added net price pressure in Europe. That revision set adjusted EPS guidance at $1.00 to $1.50 while the Class Period continued.
- The alleged gap between the 2027 targets reaffirmed in February 2026 and the realignment announced on July 28, 2026.
"Companies are not required to predict the future perfectly, but federal securities law requires completeness once they choose to discuss their outlook. The complaint alleges that O-I Glass reaffirmed multi-year targets into 2026 while adverse facts about its savings program and European costs were not disclosed." -- Joseph E. Levi, Esq.
What the Statutory Claims Mean for OI Purchasers
In practical terms, the Section 10(b) claim seeks damages for purchasers who allegedly paid prices that did not reflect the risks plaintiffs say were withheld. Investors who do not seek lead plaintiff appointment may remain absent class members without taking any action now.
Find out if you might qualify to recover losses or call (888) SueWallSt.
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 is the OI class action lawsuit about? A: A securities class action has been filed against O-I Glass, Inc. (NYSE: OI) alleging materially false and misleading statements between March 14, 2025 and July 28, 2026. Shares fell approximately 15% after the Company disclosed second quarter 2026 results. In that announcement, the Company substantially reduced its 2026 adjusted EBITDA and free cash flow guidance and realigned its 2027 Investor Day financial targets. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.
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: Who are the defendants named in the OI lawsuit? A: The complaint names O-I Glass, Inc. and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.
Q: What do OI investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
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: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (888) SueWallSt
Fax: (212) 363-7171
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SOURCE SueWallSt.com

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