Beyond Meat
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
During the defined period, Beyond Meat and certain executives face allegations of violating federal securities laws by failing to disclose important information. On November 10, 2021, after the market closed, the company revealed a $1.8 million inventory write-off due to Covid-19-related effects. Consequently, Beyond Meat’s shares experienced a decline of $12.55 per share, equivalent to almost 13%, resulting in a closing price of $81.93 per share on November 11, 2021. Additionally, media reports on December 9, 2021, stated that Taco Bell had canceled a planned test of Beyond Carne Asada due to concerns about product quality. This news caused a drop of $5.58 per share, or roughly 8%, with Beyond Meat’s shares closing at $64.51 per share on December 10, 2021. Lastly, on October 14, 2022, before the market opened, the company disclosed the departure of its COO, CFO, and CGO. This announcement resulted in a decrease of $1.43 per share, representing more than 9.6%, and the shares closed at $13.35 per share on October 14, 2022.
