| COMPANY |
Beyond Meat, Inc. |
| COURT |
United States District Court for the Central District of California |
| CASE NUMBER |
23-cv-03602 |
| JUDGE |
The Hon. Michael Walter Fitzgerald |
| CLASS PERIOD |
Beyond Meat, Inc. |
| SECURITY TYPE |
Common Stock |
Case Background:
This is a federal securities class action brought on behalf of all investors who purchased or otherwise acquired Beyond Meat, Inc. (NASDAQ: BYND) ("Beyond Meat") common stock between May 5, 2020 and October 13, 2022, both dates inclusive (the "Class Period").
Throughout the Class Period, Beyond Meat boasted about the success of its product tests with its large-scale partnerships, including prominent food retailers like McDonalds, Starbucks, KFC, Pizza Hut, and Taco Bell. Beyond Meat assured investors and partners that it would “ensure manufacturability” through “extensive testing,” and that it was capable of manufacturing the unique plant-based meat products at commercial scale. Further Beyond Meat blamed any delays in launching these large-scale partnerships on Covid-19.
Current Status of Case:
On July 26, 2023, the Court appointed the Lead Plaintiff. Lead Plaintiff filed a consolidated complaint on October 9, 2023. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.