NEW ORLEANS, May 16, 2023 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., are reminding investors that they still have time July 10, 2023 Filing of Lead Plaintiff Motions in a Securities Class Action Against Beyond Meat, Inc. BYNDif they acquired the Company’s shares between May 5, 2020 and October 13, 2022 inclusive (the “Collection Period”). This lawsuit is pending in the United States District Court for the Central District of California.

What you can do

If you have purchased Beyond Meat stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner, Lewis, without obligation and at no cost to you Kahn, turn. toll free at 1-877-515-1850 or email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-bynd/ to learn more. If you wish to serve as lead plaintiff in this class action, you must file a petition with the court by mail July 10, 2023.

About the lawsuit

Beyond Meat and certain of its officers are alleged to have failed to disclose material information during the class period in violation of federal securities laws.

On November 10, 2021, after launch, the company announced a $1.8 million inventory write-down, which it attributed to impacts from Covid-19. As a result of this news, Beyond Meat shares fell $12.55 per share, or nearly 13%, to close at $81.93 per share on November 11, 2021. Then, on December 9, 2021, media sources reported that Taco Bell had canceled a scheduled test of Save Carne Asada due to ongoing quality concerns. On the news, Beyond Meat shares fell $5.58 per share, or nearly 8%, to close at $64.51 per share on December 10, 2021. Finally, on October 14, 2022, the company announced the resignation of its COO, CFO and CGO premarket. On the news, Beyond Meat shares fell $1.43 per share, or over 9.6%, to close at $13.35 per share on October 14, 2022.

The case is Retail trade…