Danimer Scientific Announces Second Circuit Court Affirms Dismissal of Class Action Lawsuit
Danimer Scientific, Inc. (DNMR)
Company Research
Source: Business Wire
BAINBRIDGE, Ga.--(BUSINESS WIRE)--Danimer Scientific, Inc. (NYSE: DNMR) (“Company” or “Danimer Scientific”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced that, on September 27, 2024, the United States Court of Appeals for the Second Circuit affirmed the 2023 Order of the United States District Court for the Eastern District of New York dismissing a previously disclosed putative class action complaint captioned In re Danimer Scientific, Inc. Securities Litigation. Subsequently, the plaintiffs in the three shareholder derivative cases that had been pending in state and federal courts in Delaware, which cases had been stayed pending the outcome of the Second Circuit case, dismissed their complaints.“We are pleased that the Second Circuit upheld the District Court’s decision as we expected and to have the other derivative cases dismissed,” said Richard Altice, Danimer’s Interim Chief Executive Officer. “W
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News
- Danimer Scientific, Inc. (NYSE: DNMR) had its price target lowered by analysts at TD Cowen from $40.00 to $5.50. They now have a "hold" rating on the stock.MarketBeat
- Danimer Scientific, Inc. (NYSE: DNMR) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $4.00 price target on the stock, down previously from $40.00.MarketBeat
- Danimer Scientific Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Danimer Scientific Announces Third Quarter 2024 ResultsBusiness Wire
- Danimer Scientific Announces Release Date for Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
DNMR
Earnings
- 11/19/24 - Beat
DNMR
Sec Filings
- 11/19/24 - Form 424B3
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- DNMR's page on the SEC website