openPR Logo
Press release

Danimer Scientific, Inc. (NYSE: DNMR) Long Term Investor Notice: Lawsuit filed against Directors

10-14-2021 04:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by an investor in Danimer Scientific, Inc. (NYSE: DNMR) shares over alleged breaches of fiduciary duty.

A lawsuit was filed by an investor in Danimer Scientific, Inc. (NYSE: DNMR) shares over alleged breaches of fiduciary duty.

An investor in shares of Danimer Scientific, Inc. (NYSE: DNMR) filed a lawsuit against certain directors of Danimer Scientific, Inc over alleged breaches of fiduciary duties.

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Danimer Scientific, Inc. (NYSE: DNMR) Long Term Investor Notice: Lawsuit filed against Directors here

News-ID: 2428341 • Views: 425

More Releases from Shareholders Foundation

Investigation announced for current long-term Investors in Deutsche Bank Aktieng …
An investigation was announced over potential breaches of fiduciary duties by certain directors at Deutsche Bank Aktiengesellschaft. Investors who purchased shares of Deutsche Bank Aktiengesellschaft (NYSE: DB) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Deutsche Bank Aktiengesellschaft directors breached their fiduciary duties and caused damage to the company and its shareholders. On August 25,
Investigation announced for Long-Term Investors in Forte Biosciences, Inc. (NASD …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Forte Biosciences, Inc. Investors who purchased shares of Forte Biosciences, Inc. (NASDAQ: FBRX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Forte Biosciences directors breached their fiduciary duties and caused damage to the company and its shareholders. Torrance, CA
Investigation announced for long-term Investors in Illumina, Inc. (NASDAQ: ILMN) …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Illumina, Inc.. Investors who purchased shares of Illumina, Inc. (NASDAQ: ILMN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Illumina, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. On August 18, 2021,
DiDi Global Inc. (NYSE: DIDI) Long Term Investor Investigation over potential Wr …
An investigation on behalf of investors in shares of DiDi Global Inc. (NYSE: DIDI) concerning potential breaches of fiduciary duties by certain directors and officers of DiDi Global Inc. Investors who are current long term investors in DiDi Global Inc. (NYSE: DIDI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in

All 5 Releases


More Releases for Danimer

Investgiation announced for Investors in shares of Danimer Scientific, Inc. (NYS …
An investigation was announced over potential securities laws violations by Danimer Scientific, Inc. in connection with certain financial statements. Investors who purchased shares of Danimer Scientific, Inc. (NYSE: DNMR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by Danimer Scientific, Inc. regarding its business, its prospects and its operations were
2020-2026 Analysis of Bioplastics Market by Trinseo, Arkema, BASF SE, Biotec, Br …
Growing demand for bioplastics in the packaging industry is one of the key factors driving the growth of the market at present. Bioplastics provide the packaging industry with a renewable sustainable option for a variety of uses. Within the packaging market, rigid packaging accounts for a larger share. According to European Bioplastic, in 2018, the global production of bioplastic for rigid packaging was about 699.5 thousand tonnes. The high share
Bioadhesives Market - Key Growth Dynamics | Danimer Scientific, Cargill, Incorpo …
Global Bioadhesives Market: Overview Bioadhesives have attracted considerable attention of manufacturers of tissue adhesives and sealants and hemostatic agents. The growing numbers of clinical applications over the past couple decades underlies a large part of revenue generating potential of the global bioadhesives market. Broad evolution dynamics of the bioadhesives market have been underpinned by favorable government regulations and ceaseless research advances over the past few years. Efforts of end-use industries to
Biodegradable Polymers Markets to 2022 | Basf, Biomer, Cereplast, Danimer Scient …
ResearchMoz presents professional and in-depth study of "Biodegradable Polymers: Global Markets and Technologies Through 2022". "Summary The term polymer is derived from the Greek words polu, meaning many, much and meros meaning parts which refer to a molecules structure that is composed of multiple repeating units. Biodegradable polymers are compromised of monomers that are linked to another functional group and have unstable links behind the functional group. Biodegradable polymers break down
Global Bioadhesive Market Insights, Forecast to 2025 EcoSynthetix, Adhesives Res …
Researchmoz added Most up-to-date research on "Global Bioadhesive Market Insights, Forecast to 2025" to its huge collection of research reports. This report researches the worldwide Bioadhesive market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Bioadhesive breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends,
Lactic Acid Market Key Growth Analysis of Purac & NatureWorks Danimer Scientific …
The Lactic Acid report also delves into the market dynamics that covers emerging countries and growing markets, although new openings and challenges for emerging market players, Lactic Acid industry news, and policies according to regions. Lactic Acid Market size is set to exceed USD 6 billion by 2024, U.S. PLA market size from agriculture applications should witness over 16% gains. They are used to raise soil temperature, control soil compaction,