PR Newswire | Jul 17, 2021 09:53AM EDT

Danimer Scientific; Should Management be Held Accountable for Investors Losses?

07/17 08:52 CDT

Did You Acquire (DNMR) Before October 5, 2020? Johnson Fistel Investigates Danimer Scientific; Should Management be Held Accountable for Investors Losses? SAN DIEGO, July 17, 2021

SAN DIEGO, July 17, 2021 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of Danimer Scientific, Inc. ("Danimer" or the "Company") (NYSE: DNMR) against certain of its officers and directors.

Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Danimer from October 5, 2020 and May 4, 2021 (the "Class Period").

According to the filed complaint, throughout the Class Period, the defendants made false and misleading statements and failed to disclose that: (1) the defendants overstated and misstated the biodegradability and environmentally-friendly nature of its Nodax product; (2) the defendants misrepresented the size of Danimer's facilities, production capacity, and actual production amounts, and costs; (3) the defendants misrepresented Danimer's growth, financial results, and financial projections; (4) Danimer had deficient internal controls; and (5) as a result, Danimer's public statements were materially false and misleading at all relevant times.

If you are a current, long-term shareholder ofDanimer, holding shares beforeOctober 5, 2020, you may have standing to hold Danimer harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

If youare interested in learning more about the investigation, please contactlead analystJim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, if you are a current, long-term shareholder ofDanimer, holding shares beforeOctober 5, 2020, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471jimb@johnsonfistel.com

[Click here to join this action]

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SOURCE Johnson Fistel, LLP