Beyond Meat is facing a class-action lawsuit from investors who claim that the company misled them about its financial health, particularly regarding the need for a large asset writedown. The lawsuit alleges that Beyond Meat made misleading statements about cutting expenses and expanding margins while failing to disclose the potential impairment of its long-lived assets, leading to a significant drop in stock prices.

This is not the first time Beyond Meat has been involved in legal disputes as a public company, with previous lawsuits focusing on claims of overstating nutritional benefits and misleading investors about manufacturing capacities. The latest lawsuit comes just before the company is set to announce its full-year earnings, as it continues to face challenges in the market, including falling sales and a need to diversify its product offerings beyond meat alternatives.