Beyond Meat, Inc., a Los Angeles-based producer of plant-based meat substitutes, was named as a nominal defendant in a shareholder derivative lawsuit on Dec. 8 in Delaware District Court. The court action, filed by Bielli & Klauder and Lifshitz Law PLLC on behalf of shareholder Ryan Gilardy, accuses certain officers and directors of the company of breaches of fiduciary duties for issuing false and misleading statements about the company’s ability to produce plant-based meats at scale to the specifications of its key customers. Counsel have not yet appeared for the defendants. The case is 1:23-cv-01415, Gilardy v. Beyond Meat, Inc.

This suit was surfaced by Law.com Radar, ALM’s source for immediate alerting on just filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Click here to sign up today and be first to know about new suits in your region, practice area or client sector.