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.
Food, Beverage & Tobacco
December 08, 2023, 5:40 PM