Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Danimer Scientific, Inc.

NEW YORK, NY / ACCESSWIRE / June 2, 2021 / Bernstein Liebhard, a nationally recognized investor rights law firm, reminds investors that the deadline for filing a lead plaintiff in a securities class action lawsuit has been filed on behalf of investors holding the securities of Danimer Scientific, Inc. (“Danimer Scientific” or the ” Corporations “) (NYSE: DNMR) from October 5, 2020 to May 3, 2021 (the” Course Period “). The lawsuit filed in the US District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you have purchased Danimer Scientific securities and / or would like to discuss your statutory rights and options, please visit Danimer Scientific’s class action lawsuit or contact Joseph R. Seidman toll-free at (877) 779-1414 or seiman @ bernlieb .com

The complaint alleges that throughout the collection period, defendants made false and misleading statements and failed to disclose: (i) Danimer Scientific had poor internal controls; (ii) as a result, Danimer Scientific had misrepresented, among other things, the size of its business and regulatory compliance; (iii) Defendants had overestimated the biodegradability of Nodax, particularly in oceans and landfills; and (iv) as a result, Danimer Scientific’s public statements at all relevant times have been materially false and misleading.

On March 20, 2021, the Wall Street Journal published an article stating, among other things, that “Danimer Scientific’s many claims about Nodax are exaggerated and misleading.” As a result of this news, the company’s share price fell $ 6.43 per share, or nearly 13%, to close at $ 43.55 per share on March 22, 2021, hurting investors.

On April 22, 2021, Spruce Point Capital Management (“Spruce Point”) released a report identifying various inconsistencies with Danimer’s historical and current claims regarding the size of its business, Nodax’s degradability and the company’s expected profitability were. As a result of this news, Danimer’s share price fell $ 2.01 per share, or 8.04%, to close at $ 22.99 per share on April 22, 2021, further hurting investors.

The story goes on

Finally, on May 4, 2021, Spruce Point released an additional report claiming Danimer Scientific “wildly exaggerated” its production numbers, prices, and financial projections based on documents received by the Commonwealth of Kentucky Department of Environment protection Serious doubts arise as to the integrity of the company’s internal controls. As a result of this news, Danimer’s share price fell $ 1.49 per share, or 6.31%, to close at $ 22.14 per share on May 4, 2021, further hurting investors.

If you want to serve as the lead plaintiff, you must call the court no later than July 13, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in the conduct of the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.

If you have acquired Danimer Scientific securities and / or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/danimerscientificinc-dnmr-shareholder-class-action-lawsuit-fraud-stock- 402 / apply / or contact Joseph R. Seidman toll-free at (877) 779-1414 or [email protected]

Since 1993, Bernstein Liebhard LLP has recovered over $ 3.5 billion for its clients. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to oversee their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been included on the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and on The Legal 500 for ten consecutive years.

ADVERTISING LAWYER. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this complaint in the Connecticut state is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.

Contact information:
Joseph R. Seidman
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

SOURCE: Bernstein Liebhard LLP

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