Investors who bought O-I Glass common stock between March 14, 2025 and July 28, 2026 may be covered by a proposed class action alleging O-I Glass concealed delays in its Fit to Win cost-savings program and mounting pressure on its European business. No class has been certified and there is nothing to file yet.
Allegations Only · No Settlement Yet
This article describes a class action complaint. The statements below are unproven allegations. O-I Glass, Inc. and the individual defendants have not been found liable, there is no certified class, and nothing to claim at this time. This page is informational and is not legal advice.
What Is the O-I Glass Lawsuit About?
Bryan v. O-I Glass, Inc., No. 3:26-cv-02849, was filed October 29, 2026 in the U.S. District Court for the Northern District of Ohio. O-I Glass, based in Perrysburg, Ohio, makes glass containers for beer, wine, spirits, food, soft drinks and pharmaceuticals in the United States, Europe and other markets. Its common stock trades on the New York Stock Exchange as OI.The complaint alleges that O-I Glass and two of its executives promoted the company’s Fit to Win cost-savings program and its earnings and cash flow targets while the program was falling behind and its European operations were under competitive and energy-cost pressure. The case follows a drop in the stock after the company lowered its 2026 guidance in July 2026. No court has ruled on any of the allegations.
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What the Complaint Says Investors Were Not Told
The class period opens with O-I Glass’s March 14, 2025 investor day, at which, according to the complaint, the company reaffirmed its 2027 targets, including $1.45 billion of EBITDA, and set preliminary 2029 targets that included $1.65 billion of EBITDA. The complaint says the company kept promoting Fit to Win as a source of higher earnings and cash flow over the following quarters. According to the complaint, those statements were false or misleading because they did not disclose that:- Fit to Win was behind schedule in reaching its targeted cost savings
- the program was producing higher-than-expected expenses and operational disruptions that substantially offset its benefits
- O-I Glass’s European operations faced continuing competitive and energy-cost pressure
The July 2026 Disclosure and Stock Drop
After the market closed on July 28, 2026, O-I Glass reported second-quarter results, lowered its 2026 guidance for adjusted EBITDA and free cash flow and realigned its 2027 targets, citing what it described as a more gradual pace of improvement. As quoted in the complaint, the release reported:- a reported loss of $6.33 per share, including an $873 million non-cash goodwill impairment charge related to Europe
- European segment operating profit of $6 million, compared with $90 million a year earlier, which the company attributed to competitive pricing pressure, elevated energy costs and temporary disruption following restructuring
- $65 million of gross Fit to Win benefits and $50 million of savings net of operating disruptions
The complaint says the stock fell from $9.06 at the July 28, 2026 close to $7.70 on July 29, 2026, a decline of about 15%.
Claims and Who Is in the Proposed Class
The complaint claims violations of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, and controlling-person liability under Section 20(a). The defendants are O-I Glass, Inc., its president and chief executive officer Gordon J. Hardie, and its chief financial officer John A. Haudrich. The proposed class is everyone who purchased or otherwise acquired O-I Glass common stock between March 14, 2025 and July 28, 2026, inclusive. A court has not certified the class.What Happens Next
Under the Private Securities Litigation Reform Act, investors who want to be appointed lead plaintiff must ask the court by December 28, 2026. The court then picks a lead plaintiff and lead counsel, a consolidated or amended complaint usually follows, and defendants in securities cases commonly move to dismiss, which pauses discovery while the motion is pending.There is nothing to claim in the O-I Glass case now. If it settles, investors in the settlement class would normally receive a notice and a claim form that asks for their trading records, as in the $28 million National Instruments securities settlement.
Questions
Is there an O-I Glass settlement?
There is no settlement. Bryan v. O-I Glass, Inc., No. 3:26-cv-02849, was filed October 29, 2026 in the U.S. District Court for the Northern District of Ohio and is at the complaint stage. No class has been certified and there is nothing to claim.
Who is covered by the O-I Glass securities lawsuit?
The proposed class is investors who purchased or otherwise acquired O-I Glass, Inc. common stock, which trades on the New York Stock Exchange as OI, between March 14, 2025 and July 28, 2026, inclusive. A court has not certified the class.
What is the lead plaintiff deadline in the O-I Glass case?
December 28, 2026. Under the Private Securities Litigation Reform Act, investors who want to be appointed lead plaintiff must ask the court by that date. The court generally presumes the movant with the largest financial interest is the most adequate plaintiff. Class members do not need to seek that role to remain part of the proposed class.
What is O-I Glass’s Fit to Win program?
Fit to Win is O-I Glass’s cost-reduction and competitiveness program, which the company presented to investors as a driver of higher earnings and cash flow. The complaint alleges the program was running behind on its targeted savings and producing higher-than-expected costs and operational disruptions that the company did not disclose.
