Pomerantz Law Firm Announces the Filing of a Class Action Against Beyond Meat, Inc. and Certain Officers - BYND

Core 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 misleading statements regarding the company's financial health and operations [1]. Group 1: Lawsuit Details - The class action was filed in the United States District Court for the Central District of California, seeking to recover damages for all persons and entities that purchased Beyond Meat securities during the specified Class Period [1]. - Investors have until March 24, 2026, to request appointment as Lead Plaintiff for the class [1]. Group 2: Company Background - Beyond Meat operates in the food industry, focusing on developing, manufacturing, marketing, and selling plant-based meat products under the "Beyond" brand in the U.S. and internationally [1]. - The company has been facing challenges such as shrinking demand, increasing debt, and losses, with a primary goal of achieving positive EBITDA by the end of 2026 [1]. Group 3: Allegations and Financial Impact - The complaint alleges that Defendants made materially false and misleading statements about the company's business and operations, failing to disclose significant asset impairment charges that were likely to occur [1]. - On October 24, 2025, Beyond Meat reported an expected non-cash impairment charge for Q3 2025, leading to a stock price drop of 23.06% [1]. - Subsequent announcements regarding delays in financial reporting and actual impairment charges resulted in further declines in stock price, with a reported loss from operations of $112.3 million for Q3 2025, including $77.4 million in non-cash impairment charges [1].