Beyond Meat Hit With $38.9M Vegadelphia Verdict as BYND Stock Lures Bullish Options Traders
Beyond Meat faces a $38.9 million trademark verdict after a federal jury found it infringed Vegadelphia Foods’ slogan. The company, now trading near $1 per share, is also under new securities-fraud investigations and reported deepening losses and impairments. Beyond Meat says it will appeal the verdict. Cash holdings stood at $131 million against $1.2 billion in debt as of late September.