The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Beyond Meat, Inc. (NASDAQ: BYND) who purchased shares between May 2, 2019 and January 27, 2020. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
(i) Beyond Meat’s termination of its supply agreement with Don Lee 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; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until March 30, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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