CLASS ACTION NOTICE: Berger Montague Advises Beyond Meat, Inc. (BYND) Investors to Inquire About a Securities Fraud Class Action
Beyond MeatBeyond Meat(US:BYND) TMX Newsfile·2026-02-13 13:41

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 operations [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 representatives of the class [2]. Group 2: Company Performance and Statements - Throughout the Class Period, Beyond Meat claimed it was focused on achieving EBITDA-positive operations by the end of 2026, emphasizing cost reductions and gross margin expansion while downplaying revenue growth [3]. - The complaint alleges that Beyond Meat's statements were materially false and misleading, as the company failed to disclose impairments of long-lived assets and the likelihood of a significant non-cash impairment charge [4]. Group 3: Stock Impact - On October 24, 2025, Beyond Meat announced it expected to record a material impairment charge, leading to a stock price drop of over 23% in one trading day [4]. - Subsequent 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%, causing substantial losses for investors [4].

CLASS ACTION NOTICE: Berger Montague Advises Beyond Meat, Inc. (BYND) Investors to Inquire About a Securities Fraud Class Action - Reportify