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  "documentTitle": "Danimer Scientific (DNMR)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "According to Pereira, Tim Smith demanded he give up 30% of his compensation to the \"Bainbridge Five\", a group of insiders who essentially maintain control of the Company. If his demands were not met, according to the countersuit, \"Smith gestured to the hunting ground and said, 'See those woods over there, well in the South, we take people out there that don't understand our way and behave good.'\"",
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      "text": "According to Pereira, Tim Smith demanded he give up 30% of his compensation to the \"Bainbridge Five\", a group of insiders who essentially maintain control of the Company.",
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      "text": "Danimer acknowledges that its former CEO Pereira and Tim Smith, a Director at the time, entered an arrangement which it alleged was fraudulent. More concerning is Pereira's explanation for the arrangement in his countersuit.",
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      "text": "Smith gestured to the hunting ground and said, 'See those woods over there, well in the South, we take people out there that don't understand our way and behave good.' — Tim Smith (as alleged in Pereira's countersuit)",
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      "text": "Source: The Post Searchlight (Oct. 2016)",
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      "text": "Source: MEREDIAN HOLDINGS v. PAUL PEREIRA (case number: 1:16-cv-00124-WLS) (Document 84)",
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      "text": "Meredian Complaint vs Pereira Files Countersuit",
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      "kind": "title",
      "text": "Side Deal Between Former CEO & Director",
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