Beyond Meat Sued Over Shrinking Asset Valuations, Stock Drops

Beyond Meat Inc. and its top executives emphasized a focus on improving operational profitability without disclosing an upcoming impairment charge over the value of plants, property, and leases, an investor alleges.

The company has faced lower demand for its plant-based “meat,” and increasing debt, since at least early 2025, Mustafa Omar Aljendan says. He filed his proposed class action Jan. 23 in the US District Court for the Central District of California.

The company announced in November that it would bolster its financial reporting safeguards, and terminated its controller in December.

CEO Ethan Brown announced a focus on achieving positive ...