Press release
Danimer Scientific, Inc. (NYSE: DNMR) Long Term Investor Notice: Lawsuit filed against Directors
A lawsuit was filed by an investor in Danimer Scientific, Inc. (NYSE: DNMR) shares over alleged breaches of fiduciary duty.
Investors who are current long term investors in Danimer Scientific, Inc. (NYSE: DNMR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that certain executives of Danimer Scientific mislead investors about the biodegradability of its signature bioplastic product while also failing to maintain internal controls to ensure regulatory compliance and its ultimate profitability.
The plaintiff claims that failures by Danimer's leadership resulted in the company's stock becoming artificially inflated until it eventually started decline earlier this year in the wake of reports questioning the science behind its purportedly fully biodegradable polymer, known as Nodax, and casting doubt on its ability to meet sales and revenue projections
On May 14, 2021, a lawsuit was filed against Danimer Scientific, Inc over alleged securities laws violations. The plaintiff in that lawsuit alleged that the Defendants in that lawsuit made false and/or misleading statements and/or failed to disclose that Danimer Scientific, Inc., had deficient internal controls, that as a result, the Company had misrepresented, inter alia, its operations' size and regulatory compliance, that Defendants had overstated Nodax's biodegradability, particularly in oceans and landfills, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Danimer Scientific, Inc. (NYSE: DNMR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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