Shareholders Sue Beyond Meat, Alleging Failure to Disclose Market-Moving Asset Write-Down

Packages of Beyond Meat’s Beyond Burgers and Beyond Sausage in New York on April 29, 2021. Richard Drew/AP PhotoShareholders of Beyond Meat, a California-based company producing plant-based meat substitutes, are suing the firm for allegedly concealing its need for a major asset write-down that led share prices to plummet.The case, filed in the U.S. District Court in the Central District of California, is seeking to recover damages caused by the company’s alleged violations of federal securities laws.