According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that:
- Beyond Meat was unable to manufacture its meat substitutes at scale to the specifications of its business partners;
- Beyond Meat suffered from widespread scaling issues, particularly misalignment and delayed decision-making, which led to corresponding production delays;
- Such issues were exacerbated by Beyond Meat’s disjointed production lines;
- These problems led some business partners to balk at the high price of Beyond Meat’s products and express doubts about the Company’s ability to produce them at commercial scale.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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