The legal complaint targets a period between October 24, 2024, and April 8, 2026, accusing the company of concealing critical operational failures following its acquisition of OWYN. According to the filing, the company allegedly failed to disclose the departure of key managerial personnel essential to the integration process, leading to increased administrative spending. Furthermore, the lawsuit claims that a change in pea protein suppliers triggered quality issues that hurt product performance.

Additional allegations suggest that the company attempted to offset margin erosion caused by aggressive, non-historical promotional activities by cutting brand support and marketing, which ultimately suppressed sales. These factors reportedly undermined the economic rationale for the acquisition, rendering the company’s public statements during the period materially misleading. Affected shareholders may contact the Law Offices of Howard G. Smith to discuss their legal standing or potential participation in the case.