Core Viewpoint - A class action lawsuit has been filed against Beyond Meat, Inc. on behalf of investors who acquired its securities during the specified Class Period, alleging misleading statements regarding the company's financial health and operational focus [1][4]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC, representing investors who purchased Beyond Meat securities from February 27, 2025, to November 11, 2025 [1][2]. - Investors have until March 24, 2026, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Company Performance and Allegations - Throughout the Class Period, Beyond Meat claimed it was focused on achieving EBITDA-positive operations by the end of 2026, emphasizing cost reductions and operational optimization while downplaying revenue growth [3]. - The complaint alleges that Beyond Meat failed to disclose impairments of long-lived assets and a significant non-cash impairment charge, which led to a stock price drop of over 23% on October 24, 2025, following the announcement of expected impairment charges [4]. - Additional disclosures in November 2025 regarding delayed SEC filings and $77.4 million in impairment charges resulted in further stock declines of approximately 16%, 9%, and 9%, leading to substantial investor losses [4].
Berger Montague PC Investigating Claims on Behalf of Investors in Beyond Meat, Inc. (BYND) After Class Action Filing