Securities
Mar. 3, 2025
US judge drops Beyond Meat from investor lawsuit
U.S. District Judge Michael W. Fitzgerald dismissed Beyond Meat from a securities lawsuit, ruling investor claims of misrepresentation lacked evidence. The case, narrowed after amendment, was ended with prejudice.
A federal judge permanently dropped Beyond Meat from a securities action filed by investors who claimed they were misled by statements about the company's ability to scale production and run successful product testing with big chain fast food restaurants.
In an order on Thursday, U.S. District Judge Michael W. Fitzgerald in Los Angeles found the alleged statements in the pleadings were not strong enough to show a level of material misrepresentation by Beyond Meat and its CEO. ...
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