Beyond Meat(US:BYND) Globenewswire·2026-02-11 01:00Core Viewpoint - Beyond Meat, Inc. is facing a securities fraud class action lawsuit due to allegations of misrepresenting the value of its long-lived assets and failing to timely file periodic reports with the SEC [4]. Group 1: Lawsuit Details - The lawsuit is 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 [4]. - The lawsuit claims that Beyond Meat was likely to incur a material, non-cash impairment charge, which would affect its ability to file timely reports with the SEC [4]. Group 2: Financial Impact - On October 24, 2025, Beyond Meat announced it expected a non-cash impairment charge for Q3 2025, leading to a share price decline of $0.65, or approximately 22.89%, closing at $2.19 [5]. - Following a delay in the earnings announcement on November 3, 2025, shares fell by $0.27, or approximately 16.27%, closing at $1.39 [6]. - The financial results for Q3 2025 revealed a loss from operations of $112.3 million, including a $77.4 million impairment charge, causing shares to drop by $0.12, or approximately 8.96%, to $1.22 [7]. - On November 11, 2025, the total impairment amount of $77.4 million was disclosed, resulting in an additional share price decline of $0.11, or approximately 8.61%, closing at $1.12 [8].