Legal action has been filed by an investor in shares of Danimer Scientific, Inc. (NYSE: DNMR) for alleged breaches of fiduciary duty.
A stock investor in Danimer Scientific, Inc. (NYSE: DNMR) has filed a lawsuit against certain directors of Danimer Scientific, Inc. for alleged breaches of fiduciary duty.
Investors who are currently long-term investors in shares of Danimer Scientific, Inc. (NYSE: DNMR) have certain options and should contact the Shareholders Foundation at [email protected] or call +1 (858 ) 779 – 1554.
The plaintiff alleges that certain executives at Danimer Scientific are misleading investors about the biodegradability of its signature bioplastic product while failing to maintain internal controls to ensure regulatory compliance and its ultimate profitability.
The plaintiff claims that Danimer’s management failures caused the company’s shares to artificially inflate until they finally began to decline earlier this year following reports questioning the science behind his allegedly polymer. fully biodegradable, known as Nodax, and questioning its ability to meet sales and revenue forecasts
On May 14, 2021, legal action was filed against Danimer Scientific, Inc. for alleged violations of securities laws. The plaintiff in this lawsuit alleged that the defendants in this lawsuit made false and / or misleading statements and / or failed to disclose that Danimer Scientific, Inc., had deficient internal controls, which, as a result, the Company had misrepresented, among other things, the size of its operations and regulatory compliance, that the Defendants overestimated the biodegradability of Nodax, 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 have purchased shares of Danimer Scientific, Inc. (NYSE: DNMR) have certain options and should contact the Shareholder Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, California 92108
Phone. : + 1- (858) -779-1554
Email: [email protected]
About the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio tracking and claims filing service and investor advocacy group that researches shareholder issues and informs investors of securities lawsuits. , regulations, judgments and other legal news concerning the stocks / financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support and assistance to every shareholder. The Shareholders Foundation, Inc. is not a law firm. The referenced cases, inquiries and / or settlements are not filed / initiated / obtained and / or are not related to the Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied on.
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