O-I Glass, Inc. (NYSE: OI) SHAREHOLDER ALERT: Investors With Losses May Seek to Lead the Class Action in O-I Glass, Inc. Securities Lawsuit - Contact Portnoy Law Firm

LOS ANGELES, Nov. 04, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm notifies investors in O-I Glass, Inc. (NYSE: OI) that a securities class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired O-I Glass common stock between March 14, 2025 and July 28, 2026, inclusive (the 'Class Period'). Find out if you qualify to recover your per-share losses by choosing to join the class action and submit your trade details. Investors who suffered financial losses have until December 28, 2026 to seek appointment as lead plaintiff. Shareholders should contact Lesley Portnoy via e-mail (Lesley@portnoylaw.com or call (310) 692-8883) or visit http://portnoylaw.com/o-i-glass-inc to learn more information and discuss their legal rights.
Please visit our website for more information on how to participate in this class action.

On July 28, 2026, after the market closed, O-I Glass, Inc. announced its second quarter 2026 financial results, substantially reducing its full-year 2026 adjusted EBITDA and free cash flow guidance and realigning its 2027 Investor Day financial targets. The company reported a net loss per share of $6.33—including an $873 million non-cash goodwill impairment charge and a $96 million increase to deferred tax valuation allowances related to Europe—alongside severe operational disruptions, competitive pricing pressures, and elevated energy costs in its European segment. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements assuring investors about the success of the "Fit to Win" cost-saving initiative and the company's financial outlook, while concealing delays in cost savings, higher-than-expected restructuring expenses, and worsening European operational challenges. In response to these disclosures, O-I Glass's stock price plummeted from a closing price of $9.06 on July 28, 2026, to $7.70 on July 29, 2026—a decline of approximately 15%.

WHY PORTNOY LAW FIRM

The Portnoy Law Firm represents investors in complex securities class action litigation and shareholder rights matters across the nation. Founded by Lesley Portnoy, the firm's attorneys have recovered billions of dollars for aggrieved institutional and retail investors. The firm leverages extensive legal expertise and sophisticated financial forensic capabilities to hold public corporations accountable for corporate wrongdoing and misrepresentation.

Lead Plaintiff Deadline: Investors who suffered losses on O-I Glass, Inc. stock during the Class Period have until December 28, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the O-I Glass Lawsuit

Q: What is the O-I Glass lead plaintiff deadline?
A: The deadline to apply for lead plaintiff appointment is December 28, 2026. This deadline applies strictly to investors seeking to serve as lead plaintiff representing the class. Class members who do not apply may still participate in any eventual financial recovery as absent class members without taking any action at this time.

Q: How much did O-I Glass stock drop and on what dates?
A: Following the after-hours disclosure of reduced 2026 guidance, realigned 2027 targets, and a massive goodwill impairment charge on July 28, 2026, O-I Glass common stock fell from a closing price of $9.06 per share on July 28, 2026, to close at $7.70 per share on July 29, 2026, representing a single-day decline of approximately 15%.

Q: What specific misstatements does the O-I Glass lawsuit allege?
A: The complaint alleges that Defendants made materially false and misleading statements and omissions regarding: (1) the expected financial outlook and guidance for 2026, including projections for adjusted EBITDA and free cash flow; (2) the true status, timing, and net economic benefits of the "Fit to Win" initiative, concealing that savings were being substantially offset by higher-than-expected restructuring expenses, plant closure costs, and operational disruptions; (3) the severity of commercial and macroeconomic pressures, competitive pricing dynamics, and elevated energy-cost pressures affecting European operations; and (4) the attainability of the company's 2027 Investor Day financial targets ($1.45 billion EBITDA), which management repeatedly reaffirmed despite knowing that increasing headwinds made those goals highly unrealistic.

Q: What do O-I Glass investors need to do right now?
A: Investors who purchased OI common stock during the Class Period (March 14, 2025 through July 28, 2026) should gather their trade confirmation slips or brokerage transaction logs showing purchase dates, number of shares, and prices paid. You may submit your trade details to Portnoy Law Firm here for a free, no-obligation evaluation of your potential loss recovery. No immediate legal action is required to remain an eligible absent class member.

Q: Does it cost anything to participate in this case as a lead plaintiff?
A: A lead plaintiff does not pay any fees or expenses out of pocket. Our firm works on a contingency basis, and will collect any fees or expenses directly from a future recovery.

Q: What is a lead plaintiff and why does it matter?
A: A lead plaintiff is a court-appointed class member who acts on behalf of all other class members in directing the litigation. The lead plaintiff is typically the investor or group of investors that makes a motion with the largest financial interest in the relief sought. While serving as lead plaintiff does not increase an investor's individual financial recovery compared to other class members, it gives the investor direct authority to select lead counsel and oversee the prosecution of the lawsuit.

Q: Does the lead plaintiff receive any type of compensation?”
A: Yes, in many cases, Courts award the lead plaintiff an additional amount of money to compensate the lead plaintiff for their participation in the case.

Q: What if I already sold my O-I Glass shares -- can I still recover losses?
A: Yes. Eligibility to participate in a securities class action recovery depends on whether you purchased or acquired OI common stock during the Class Period (March 14, 2025 to July 28, 2026) and suffered an economic loss. Investors who sold their shares prior to or after the public disclosures may still be eligible to recover damages based on the artificial inflation present in the stock at the time of purchase.

Q: How long will the O-I Glass lawsuit take to resolve?
A: Securities class action lawsuits typically take between two and four years from initial filing to full resolution. The exact timeline depends on court scheduling, motion practice (such as motions to dismiss), pre-trial discovery, and potential settlement negotiations or trial proceedings.

Q: Can I choose a different law firm to represent me?
A: Yes. Investors have the absolute right to retain any legal counsel of their choice. When multiple class action complaints are filed, the court will consolidate the actions and appoint a lead plaintiff and lead counsel. You may choose to be represented by Portnoy Law Firm, retain separate counsel, or remain an absent class member represented by court-appointed lead counsel.

CONTACT INFORMATION

Portnoy Law Firm
Lesley Portnoy, Esq.
Email: lesley@portnoylaw.com / info@portnoylaw.com
Telephone: (310) 692-8883

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