US EditionBeyond Meat Sued for Allegedly Concealing Need for Big Writedown
Shareholders allege Beyond Meat concealed a $77.4 million asset writedown and misled investors, causing losses amid a 21% U.S. sales decline, seeking class damages.
- On January 26, 2026, shareholders led by Mustafa Aljendan filed a class action in Los Angeles federal court alleging Beyond Meat, Inc. misled investors about its stock value.
- Plaintiffs say management concealed the risk that asset book values exceeded fair value, alleging Beyond Meat emphasized cost cuts last year without disclosing likely write‑offs of long‑lived assets.
- After the writedown, shares tumbled from US$2.84 on October 24 to US$1.12 on November 12, with the company taking a US$77.4‑million writedown producing a US$112.3‑million third‑quarter loss.
- The lawsuit seeks unspecified damages to recoup losses, and motions to serve as lead plaintiff must be filed by March 24, 2026; Rosen Law Firm, P.A. and Holzer & Holzer, LLC advertise representation for potential class members.
- Beyond Meat has not posted an annual profit since 2019 and sales are on pace to decline for a fourth straight year, contrasting with a peak share price near nearly $240 in July 2019.
12 Articles
12 Articles
Shareholders Sue Beyond Meat, Alleging Failure to Disclose Market-Moving Asset Write-Down
Shareholders of Beyond Meat, a California-based company producing plant-based meat substitutes, are suing the firm for allegedly concealing its need for a major asset write-down that led share prices to plummet. The case, filed in the U.S. District Court in the Central District of California, is seeking to recover damages caused by the company’s alleged violations of federal securities laws. “Throughout the Class Period, Defendants made material…
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Beyond Meat, Inc. (BYND) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm - Beyond Meat (NASDAQ:BYND)
ATLANTA, Jan. 26, 2026 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Beyond Meat, Inc. ("Beyond Meat" or the "Company") (NASDAQ:BYND). The lawsuit alleges that Defendants issued false and misleading statements and/or failed to disclose material adverse facts regarding Beyond Meat's business, operations, and prospects, including allegations that: (i) the book value of certain of Beyond Meat's long-lived assets exce…
Beyond Meat shareholders file legal case over disclosure failings
Beyond Meat shareholders are taking legal action against the alt-protein business, claiming it “failed to disclose material adverse facts”.The post Beyond Meat shareholders file legal case over disclosure failings appeared first on Just Food.
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