According to the Complaint, Beyond Meat, Inc. is a producer of plant-based meat substitutes.

The Complaint alleges that, 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, the Complaint alleges 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, the Complaint alleges Defendants blamed any delays in launching these large-scale partnerships on Covid-19.

On July 26, 2023, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on October 9. Defendants filed a Motion to Dismiss the consolidated Complaint on December 8. On August 9, 2024, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiff was given leave to amend the Complaint.

Lead Plaintiff filed an amended consolidated Complaint on September 6, 2024. Defendants filed a Motion to Dismiss the amended consolidated Complaint on September 30.

On February 26, 2025, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice.