NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Beyond Meat, Inc. (NASDAQ: BYND).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/beyond-meat-class-action-loss-submission-form/?id=40774&from=3
The lawsuit seeks to recover losses for shareholders who purchased Beyond Meat between May 5, 2020 and October 13, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 10, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to the complaint, 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, 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, defendants blamed any delays in launching these large-scale partnerships on Covid-19.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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