Beyond Meat(US:BYND) Prnewswire·2026-02-24 14:36Core Viewpoint - A class action lawsuit has been filed against Beyond Meat, Inc. for allegedly misrepresenting its financial condition, particularly regarding impairment charges related to long-lived assets, which led to significant stock price declines and investor harm [1]. Company Overview - Beyond Meat, headquartered in El Segundo, California, specializes in developing and marketing plant-based meat products under the "Beyond" brand name [1]. Legal Proceedings - The lawsuit pertains to investors who acquired Beyond Meat securities between February 27, 2025, and November 11, 2025, with a deadline for lead plaintiff applications set for March 24, 2026 [1]. - The complaint claims that Beyond Meat failed to disclose that the book value of certain long-lived assets exceeded their fair value, making a material non-cash impairment charge likely [1]. - Following disclosures starting October 24, 2025, Beyond Meat reported $77.4 million in impairment charges, which negatively impacted the company's stock price and harmed investors [1].