Beyond Meat shareholders file legal case over disclosure failings

Beyond Meat shareholders are taking legal action against the alt-protein business, claiming the US group “failed to disclose material adverse facts”. Represented by Holzer & Holzer, the shareholders' main gripe appears to revolve around a $77.4m impairment charge that Nasdaq-listed Beyond Meat eventually revealed in November. The loss-making company had issued a warning in October of a pending "material" impairment charge and then later in the month delayed its third-quarter results presentation as the ...