Recent Securities Litigations
Beyond Meat Inc. Common Stock (NASDAQ: BYND)
According to the Complaint, Beyond Meat is a food company that provides plant-based meats.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Beyond Meat’s termination of its supply agreement with Don Lee Farms constituted a breach of that agreement, thus exposing the Company to foreseeable legal liability and reputational harm; (ii) Beyond Meat and certain of its employees had doctored and omitted material information from a food safety consultant’s report, which the Company represented as accurate to Don Lee Farms; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.