Core Insights - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Beyond Meat, Inc. and may file a class action on behalf of investors [1][2] - Beyond Meat is undergoing scrutiny regarding the valuation of certain long-lived assets, which may have been inflated [3] Company Overview - Beyond Meat specializes in plant-based meat alternatives and recently conducted a global operations review [3] - The company recorded certain long-lived assets in its balance sheet at the lower of their carrying value or fair value less costs to sell, claiming no impairments [3] Recent Developments - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which is anticipated to be material [3] - Following this announcement, Beyond Meat's stock price fell approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [3] - On November 3, 2025, the company delayed its earnings announcement for Q3 2025 due to the need for additional time to complete the impairment review, leading to a significant decline in stock price during trading on that day [3]
Beyond Meat, Inc. Investigated by the Portnoy Law Firm