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  "documentTitle": "Danimer Scientific (DNMR)",
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  "authorName": "Spruce Point Capital Management",
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      "kind": "callout",
      "text": "This raises concerns as we find evidence from a Congressman's press release with differing production capacity figures, multiple sources with different facility sizes, and capital expenditures not adding up",
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      "text": "While we acknowledge legal battles can become ugly between parties, we find additional counterclaims by Pereira to be a cause for concern and a poor reflection of Danimer/Meredian's culture if the allegations were true.",
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      "text": "Excerpts from legal documents detailing allegations of insider control ('Bainbridge Five'), misinformation, and criminal activities including securities fraud and tax evasion.",
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      "text": "PEREIRA also discovered that, prior to his coming on board, there was evidence that Counter-Defendants had engaged in criminal and/or unethical activities, including without limitation, securities fraud, tax evasion, insider trading, false or deficient reporting to government agencies, violation of disclosure requirements, failure to document various transactions on company books, failure to keep records of Board meetings and/or to document decisions by the Board, nepotism, engaging in conflict of interest transactions, presenting false information regarding Counter-Defendants' products to potential investors and shareholders, breach of fiduciary duty and self-dealing by Board members, dilution of stock and misappropriation of company assets. — MEREDIAN HOLDINGS v. PAUL PEREIRA (case number: 1:16-cv-00124-WLS) (Document 104; page 5-6,13-14)",
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      "text": "Source: MEREDIAN HOLDINGS v. PAUL PEREIRA (case number: 1:16-cv-00124-WLS) (Document 104; page 5-6,13-14)",
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