Central District Of California Dismisses Putative Class Action Against Food Company For Failure To Adequately Allege Misrepresentations
By EsqSocial Corporation 21/10/20
On October 8, 2020, Judge Michael W. Fitzgerald of the United States District Court for the Central District of California dismissed a putative class action asserting claims under the Securities Exchange Act of 1934 against a food company and certain of its executives. Larry Tran v. Beyond Meat, Inc., et al., No. 20-CV-00963-MWF-AFM, slip op. (C.D. Cal. Oct. 8, 2020). Plaintiffs alleged that the company made misleading statements in public filings falsely suggesting that litigation brought...
By: Shearman & Sterling LLP