Beyond Meat(US:BYND) Globenewswire·2026-02-06 23:00Core Viewpoint - The lawsuit against Beyond Meat, Inc. is centered on allegations of securities fraud related to the company's financial disclosures and impairment charges during a specified class period [4]. Group 1: Lawsuit Details - The lawsuit has been filed on behalf of investors who purchased securities from February 27, 2025, to November 11, 2025, alleging that the book value of long-lived assets exceeded their fair value, leading to a likely material non-cash impairment charge [4]. - Beyond Meat reported preliminary financial results for Q3 2025 on October 24, 2025, indicating an expected non-cash impairment charge, which caused shares to decline by approximately 22.89% to close at $2.19 [5]. - On November 3, 2025, the company delayed its earnings announcement for Q3 2025, resulting in a further decline of approximately 16.27% in share price to close at $1.39 [6]. - The financial results for Q3 2025 were officially announced on November 10, 2025, showing a loss from operations of $112.3 million, including a $77.4 million non-cash impairment charge, leading to an 8.96% drop in share price to $1.22 [7]. - On November 11, 2025, Beyond Meat disclosed the allocation of the total impairment amount of $77.4 million, which caused shares to fall an additional 8.61% to close at $1.12 [8]. Group 2: Investor Actions - Investors who suffered losses on their Beyond Meat investments have until March 24, 2026, to request lead plaintiff appointment, which is crucial for overseeing the litigation and influencing key decisions [2]. - The law firm Kirby McInerney LLP is encouraging affected investors to contact them to discuss their rights or interests in the securities fraud class action lawsuit at no cost [1][10].