{"id":508314,"date":"2021-06-30T09:49:03","date_gmt":"2021-06-30T13:49:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/"},"modified":"2021-06-30T09:49:03","modified_gmt":"2021-06-30T13:49:03","slug":"scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. (DNMR) and July 13 Deadline"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. (DNMR) and July 13 Deadline<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fscott-scott.com%2Fcase%2Fdanimer-scientific-inc%2F&amp;esheet=52453655&amp;newsitemid=20210630005642&amp;lan=en-US&amp;anchor=Scott%2BScott+Attorneys+at+Law+LLP&amp;index=1&amp;md5=be5169393a3c8885d268df91872d214a\">Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, reminds investors of a class action lawsuit against Danimer Scientific, Inc. (\u201cDanimer\u201d or the \u201cCompany\u201d) (NYSE: DNMR) and certain of its officers, alleging violations of federal securities laws. <b>If you purchased Danimer securities between October 5, 2020 and May 4, 2021 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joseph Pettigrew for additional information at (844) 818-6982 or <a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\">jpettigrew@scott-scott.com<\/a>.<\/b><\/p>\n<p>\nDanimer specializes in bioplastic replacements for traditional petrochemical-based plastics. Since 2020, the Company has sold polyhydroxyalkanoates (\u201cPHAs\u201d) commercially under its proprietary \u201cNodax\u201d brand name for usage in a wide variety of plastic applications including water bottles, straws, and food containers, among others. The Company has touted Nodax as a 100% biodegradable, renewable, and sustainable plastic, unlike traditional plastics.\n<\/p>\n<p>\nThe lawsuit alleges, among other things, that the Company made materially false and\/or misleading statements and\/or failed to disclose that: (i) Danimer had deficient internal controls; (ii) as a result, the Company misrepresented, <i>inter alia<\/i>, its operations\u2019 size and regulatory compliance; (iii) Defendants had overstated Nodax\u2019s biodegradability, particularly in oceans and landfills; and (iv) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.\n<\/p>\n<p>\nOn March 20, 2021, the <i>Wall Street Journal <\/i>(\u201cWSJ\u201d) published an article entitled \u201cPlastic Straws That Quickly Biodegrade in the Ocean, Not Quite, Scientists Say\u201d addressing, among other things, Danimer\u2019s claims that Nodax breaks down far more quickly than fossil-fuel plastics. The article alleged that, according to several experts, \u201cmany claims about Nodax are exaggerated and misleading.\u201d\n<\/p>\n<p>\nOn this news, Danimer\u2019s stock price fell from $49.98 to close at $43.55 on March 22, 2021 \u2013 a drop of nearly 13%.\n<\/p>\n<p>\nOn April 22, 2021, Spruce Point Capital Management (\u201cSpruce Point\u201d) published a report on Danimer, noting, among other red flags, various inconsistencies with the Company\u2019s historical and present claims regarding the size of its operations, Nodax\u2019s makeup and degradability, and the Company\u2019s expected profitability.\n<\/p>\n<p>\nOn this news, Danimer\u2019s stock price fell $2.01 per share, or 8%, to close at $22.99 per share on April 22, 2021.\n<\/p>\n<p>\nThen, on May 4, 2021, Spruce Point published another report on Danimer alleging that the Company had \u201cwildly overstated\u201d production figures, pricing, and financial projections based on documents Spruce Point had acquired from the Commonwealth of Kentucky\u2019s Department of Environmental Protection (\u201cKDEP\u201d) under the Freedom of Information Act (\u201cFOIA\u201d), all of which cast serious doubt on the integrity of the Company\u2019s internal controls.\n<\/p>\n<p>\nOn this news, Danimer\u2019s stock price fell $1.49 per share, a drop of over 6%, to close at $22.14 per share on May 4, 2021.\n<\/p>\n<p><b>What You Can Do<\/b><\/p>\n<p>\nIf you purchased <b>Danimer securities between October 5, 2020 and May 4, 2021<\/b>, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Joseph Pettigrew at (844) 818-6982 or <a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\">jpettigrew@scott-scott.com<\/a>. <b>The lead plaintiff deadline is July 13, 2021.<\/b><\/p>\n<p><b>About Scott+Scott Attorneys at Law LLP<\/b><\/p>\n<p>\nScott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia, and Ohio.\n<\/p>\n<p>\nAttorney Advertising\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210630005642r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210630005642\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210630005642\/en\/<\/a><\/span><\/p>\n<p><b>Joseph Pettigrew<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fscott-scott.com%2Fcase%2Fdanimer-scientific-inc%2F&amp;esheet=52453655&amp;newsitemid=20210630005642&amp;lan=en-US&amp;anchor=Scott%2BScott+Attorneys+at+Law+LLP&amp;index=2&amp;md5=08ba89301ac45a984cf9199bd0bed008\"><b>Scott+Scott Attorneys at Law LLP<br \/>\n<\/b><\/a><br \/><b>230 Park Avenue, 17th Floor, New York, NY 10169-1820<br \/>\n<\/b><br \/><b>(844) 818-6982<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:jpettigrew@scott-scott.com\"><b>jpettigrew@scott-scott.com<\/b><\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210630005642\/en\/456736\/3\/Scott%2BScott_Logo_Large.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. (DNMR) and July 13 Deadline NEW YORK&#8211;(BUSINESS WIRE)&#8211;Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, reminds investors of a class action lawsuit against Danimer Scientific, Inc. (\u201cDanimer\u201d or the \u201cCompany\u201d) (NYSE: DNMR) and certain of its officers, alleging violations of federal securities laws. If you purchased Danimer securities between October 5, 2020 and May 4, 2021 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joseph Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Danimer specializes in bioplastic replacements for traditional petrochemical-based plastics. Since 2020, the Company has sold polyhydroxyalkanoates (\u201cPHAs\u201d) commercially under its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. (DNMR) and July 13 Deadline&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-508314","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. 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(DNMR) and July 13 Deadline NEW YORK&#8211;(BUSINESS WIRE)&#8211;Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, reminds investors of a class action lawsuit against Danimer Scientific, Inc. (\u201cDanimer\u201d or the \u201cCompany\u201d) (NYSE: DNMR) and certain of its officers, alleging violations of federal securities laws. If you purchased Danimer securities between October 5, 2020 and May 4, 2021 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joseph Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Danimer specializes in bioplastic replacements for traditional petrochemical-based plastics. Since 2020, the Company has sold polyhydroxyalkanoates (\u201cPHAs\u201d) commercially under its &hellip; Continue reading &quot;Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. 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(DNMR) and July 13 Deadline NEW YORK&#8211;(BUSINESS WIRE)&#8211;Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, reminds investors of a class action lawsuit against Danimer Scientific, Inc. (\u201cDanimer\u201d or the \u201cCompany\u201d) (NYSE: DNMR) and certain of its officers, alleging violations of federal securities laws. If you purchased Danimer securities between October 5, 2020 and May 4, 2021 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joseph Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Danimer specializes in bioplastic replacements for traditional petrochemical-based plastics. Since 2020, the Company has sold polyhydroxyalkanoates (\u201cPHAs\u201d) commercially under its &hellip; Continue reading \"Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. (DNMR) and July 13 Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-30T13:49:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210630005642r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-reminds-investors-of-securities-class-action-against-danimer-scientific-inc-dnmr-and-july-13-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Danimer Scientific, Inc. 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