Plant-based imitation meat manufacturer Beyond Meat is being sued by investors who are alleging they were misled by statements from the publicly traded company about its manufacturing capacity and growth outlook.
A class action lawsuit has filed on behalf of The Retail Wholesale Department Store Union Local 338 Retirement Fund alleges the publicly traded company, its CEO Ethan Brown and others who have served in executive roles “made numerous materially false and misleading statements and omissions concerning the Company’s ability to produce plant-based meats at scale.
The lawsuit…
