DANIMER SCIENTIFIC SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Danimer Scientific, Inc. – DNMR
NEW ORLEANS–(BUSINESS WIRE) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up July 13, 2021 Lead plaintiffs filing a class action lawsuit against Danimer Scientific, Inc. (NYSE: DNMR) if they purchased the Company’s securities between December 30, 2020 and March 19, 2021, inclusive (the “Class Period”). This lawsuit is pending in the US District Court for the Eastern District of New York.
What you can do
If you have purchased Danimer securities and would like to discuss your statutory rights and the possible impact of this case on you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn free of charge at 1- 877-515-1850 or email (firstname.lastname@example.org) or visit https://www.ksfcounsel.com/cases/nyse-dnmr/ to learn more. To appear as the lead plaintiff in this class action lawsuit, you must file a motion with the court July 13, 2021.
About the lawsuit
Danimer and some of his executives are accused of failing to disclose material information during the classroom, in violation of federal securities laws.
On March 20, 2021, the Wall Street Journal reported that according to several biodegradable plastics experts, the company’s claim that its Nodax product degrades much faster than fossil-fueled plastics was “exaggerated and misleading.” While the company reportedly claims its claims are factual, the article quoted at least one expert as saying that the claim of general claims about Nodax’s biodegradability was “incorrect” and “greenwashing.”
In that news, Danimer’s shares fell 12.87%, or $ 6.43 per share, to close at $ 43.55 per share on March 22, 2021, the first day of trading after it was released.
The case is Rosencrants v Danimer Scientific, Inc. et al., 21cv2708.
About Kahn Swick & Foti, LLC
KSF, partnered with former Louisiana Attorney General Charles C. Foti Jr., is one of the premier securities litigation law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.