Beyond Meat Gets Investor Suit Over Scale-Up Remarks Tossed

A Beyond Meat Inc. investor failed to sufficiently allege securities fraud over statements about the company’s ability to expand production of its food products to meet the needs of fast-food chains, a federal court ruled.

The investor, a Canadian pension fund, revised its complaint but still failed to show statements about the plant-based meat substitutes that were false when made, Judge Michael W. Fitzgerald said in an order docketed Thursday in the US District Court for the Central District of California. Other challenged statements reflected mere corporate optimism or opinion and thus weren’t actionable, Fitzgerald said.

• The pension fund alleged ...