Try our Advanced Search for more refined results
Your firm must have an account to access this feature
Track this case
2:23-cv-03602
California Central
Securities/Commodities
Class Action
Michael W. Fitzgerald
A Los Angeles federal judge has tossed, for good, a reworked investor class action accusing Beyond Meat of concealing major problems with its efforts to scale production on plant-based meat substitutes for fast-food chains like McDonald's, KFC and Pizza Hut.
A Los Angeles federal judge appeared poised Monday to toss, for good, a reworked investor class action accusing Beyond Meat of concealing major problems with its efforts to scale production on plant-based meat substitutes for fast food chains like McDonald's, KFC and Pizza Hut.
A California federal judge has tossed a proposed class action accusing vegan burger manufacturer Beyond Meat of securities fraud, saying investors will need to be more specific about what the company's CEO knew at the time he touted the company's allegedly faltering partnerships with fast-food restaurants like McDonald's.
Plant-based meat substitute producer Beyond Meat Inc. urged a California federal judge to throw out a proposed investor class action over claims the company and its executives misrepresented production capabilities, arguing the company "repeatedly cautioned investors" about business risks related to production issues and capabilities.
Plant-based meat substitute producer Beyond Meat Inc. was hit with a proposed class action in California federal court by an institutional investor who claims the company and its executives misrepresented Beyond Meat's production capabilities, which caused the company's stock to trade at artificially high prices.