The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Beyond Meat, Inc. (NASDAQ: BYND) common stock between May 5, 2020 and October 13, 2022.
According to the complaint, throughout the Class Period defendants made numerous materially false and misleading statements and omissions concerning the Company’s ability to produce plant-based meats at scale. Specifically, defendants repeatedly assured investors that Beyond Meat conducted “extensive testing” to “ensure manufacturability” of its plant-based meat products at commercial scale, and touted the success of the Company’s product tests with its large-scale partnerships as “very positive.” Further, defendants blamed any delays in launching these large-scale partnerships on Covid-19.
If you suffered a loss in Beyond Meat you have until July 10, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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