Beyond Meat(US:BYND) Globenewswire·2026-01-27 18:25Core Viewpoint - A class action lawsuit has been filed against Beyond Meat, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from February 27, 2025, to November 11, 2025, seeking damages for affected investors [1]. Company Overview - Beyond Meat operates in the food industry, focusing on the development, manufacturing, marketing, and sale of plant-based meat products under the "Beyond" brand in the U.S. and internationally [4]. Financial Performance and Challenges - Since early 2025, Beyond Meat has faced shrinking demand, increasing debt, and losses, with a primary goal of achieving positive EBITDA by the end of 2026 [5]. - Throughout the Class Period, the company emphasized operational efficiency and cost reduction while deemphasizing revenue growth [6]. Allegations of Misleading Statements - The complaint alleges that Defendants made materially false and misleading statements regarding the company's business and operations, including failing to disclose the likelihood of significant asset impairment charges [8]. - It is claimed that the book value of certain long-lived assets exceeded their fair value, which could impair the company's ability to file periodic reports with the SEC [8]. Stock Price Impact - The truth began to emerge on October 24, 2025, when Beyond Meat reported expectations of a non-cash impairment charge, leading to a stock price drop of 23.06% to $2.185 per share [9]. - Subsequent announcements regarding delays in financial reporting and actual impairment charges resulted in further declines in stock price, with a notable drop of 8.96% to $1.22 per share on November 11, 2025 [11][12].