Danimer Scientific Inc. Common Stock (NYSE: DNMR)
Company Name:Danimer Scientific Inc. Common Stock
Stock Symbol:NYSE: DNMR
Class Period Start:10/28/2020
Class Period End (inclusive):05/04/2021
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Danimer had deficient internal controls; (ii) as a result, the Company had misrepresented, inter alia, its operations' size and regulatory compliance; (iii) Defendants had overstated its product, Nodax's, biodegradability, particularly in oceans and landfills; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.