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Simply Good Foods Company Securities Fraud Class Action Result of Undisclosed Acquisition Failures and Over 27% Stock Decline - Investors may Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC
GlobeNewswire Inc.·
Simply Good Foods Company faces a securities fraud class action lawsuit for failing to disclose material information about its $280 million OWYN acquisition. The company concealed a product quality issue related to pea protein sourcing that caused taste and texture problems, leading to negative reviews and depressed sales. Following disclosure of disappointing earnings and a $187 million impairment charge, Simply Good's stock declined over 27% in a two-day period. Investors who purchased shares between October 24, 2024 and April 8, 2026 have until October 13, 2026 to file lead plaintiff applications.
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