Shareholders Sue Beyond Meat as Long-Lives Assets Claims Turn Sour

A class action lawsuit was filed against Beyond Meat (BYOND) on January 23, 2026.

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The federal securities class action alleged that plaintiffs acquired Beyond Meat stock at artificially inflated prices between February 27, 2025 and November 11, 2025 (the “Class Period”). Plaintiffs are now seeking compensation for financial losses incurred upon public revelation of the Company’s alleged misconduct during that time. To learn whether you may be eligible for a recovery under this class action, click here.

Company Background

Beyond Meat is a self-described leading plant-based meat company.

As such, the company claims that it offers various “revolutionary” plant-based meats made with basic components. Specifically, the company claims that its meals are made without GMOs, added hormones or antibiotics, or cholesterol.

Founded in 2009, Beyond Meat says it designs its products so that they taste the same and have the same texture as animal-based meat, while being “better for people and the planet.” These products include two different types of  plant-based burgers, steaks, beef, and sausage. Other selections include plant-based chicken pieces, chicken nuggets, breakfast sausage, and more. Beyond Meat sells these products under the Beyond brand in the U.S. and abroad.

According to the complaint, the company also owns and leases numerous properties here and overseas. These facilities are used for  production, warehousing, research and development (“R&D”).

Why are Shareholders Angry?

The company and two of its senior officers (the “Individual Defendants”) are now accused of deceiving investors by lying and withholding important information about Beyond Meat’s business practices and prospects during the Class Period.

In particular, they are accused of omitting truthful information about the book value of some of Beyond Meat’s “long-lived assets,” and ancillary issues, from SEC filings and related material. By knowingly or recklessly doing so, they allegedly caused Beyond Meat stock to trade at artificially inflated prices during the time in question.

Following a series of partial revelations, the truth came out after the market closed on November 11, 2025. That’s when Beyond Meat held a conference call with investors and analysts to discuss its financial results for Q3 2025. In this context, the company’s CFO (an Individual Defendant) disclosed, in relevant part, that “[t]he total impairment amount of $77.4 million was . . allocated to PP&E, operating lease ROU assets and prepaid lease costs on our balance sheet.”

Taking a Closer Look

As alleged, the company and/or Individual Defendants repeatedly made false and misleading public statements throughout the Class Period.

In an annual report filed with the SEC on March 5, 2025, for instance, the company stated in relevant part: “Long-lived assets are reviewed by management for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable. The company concluded that no long-lived assets were impaired during the fiscal years ended December 31, 2024, 2023 and 2022.”

In the same annual report, Beyond Meat also stated in pertinent part: “[W]e may not be able to build out or occupy the rest of the Campus Headquarters and are considering subleasing, assigning or otherwise transferring the unoccupied space, or negotiating a partial lease termination . . . .”

The company added the following in. pertinent part in the same annual report: “We perform an asset impairment analysis on an annual basis or whenever events or changes in circumstances indicate that a long-lived asset group may not be recoverable.”

Finally, on a May 7, 2025 conference call with investors and analysts, the company’s CEO stated in relevant part: “[I]n terms of the sort of one-time items, the only thing that at this point I think that’s really worth noting is that China, the costs related to the suspension of our activities in China, that will, [t]he way we are treating those expenses from an accounting perspective is we are taking accelerated depreciation on those expenses through the end of 2026. And so each quarter, we will call that out, but each quarter there will be some impact related to that decision.”

Actions You May Take

If you have purchased the company’s stock during the Class Period, you may join the class action as a lead plaintiff, remain a passive class member, or opt out of this litigation and pursue individual claims that may not be available to the class as a whole. To learn more about your options, click here.

The deadline to file for lead plaintiff in this class action is March 24, 2026.

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