Beyond Meat(US:BYND) Businesswire·2026-03-11 00:00Core Viewpoint - Beyond Meat, Inc. is facing a class action lawsuit due to alleged securities fraud, with a deadline for investors to join as lead plaintiffs by March 24, 2026 [1]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities between February 27, 2025, and 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 [1]. - On October 24, 2025, Beyond Meat announced it expected to record a non-cash impairment charge for Q3 2025, which caused shares to decline by $0.65, or approximately 22.89%, closing at $2.19 [1]. - Following a delay in the earnings announcement on November 3, 2025, shares fell by $0.27, or approximately 16.27%, closing at $1.39 [1]. - The financial results for Q3 2025 revealed a loss from operations of $112.3 million, including a $77.4 million non-cash impairment charge, leading to a further decline in shares by $0.12, or approximately 8.96%, to close at $1.22 on November 11, 2025 [1]. - On November 11, 2025, Beyond Meat disclosed that the total impairment amount of $77.4 million was allocated to property, plant, and equipment, operating lease ROU assets, and prepaid lease costs, resulting in an additional share decline of $0.11, or approximately 8.61%, to close at $1.12 [1]. Group 2: Investor Actions - Investors who suffered losses are encouraged to contact Kirby McInerney LLP to discuss their rights or interests in the class action lawsuit at no cost [1]. - The law firm has a history of successful recoveries in securities litigation, totaling billions of dollars for shareholders [1].