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
Kahn Swick & Foti issued a shareholder-solicitation notice reminding SMPL investors of an October 13, 2026 lead plaintiff deadline in a pending securities class action in the Southern District of New York. The lawsuit alleges Simply Good Foods failed to disclose a raw material sourcing issue that caused taste and texture problems in its $280 million OWYN acquisition, depressing sales. The release recites prior disclosures: a 17% drop in October 2025, and a 27% two-day drop in April 2026 after a $187 million OWYN impairment and a guidance cut to negative 7-10% net sales.
Key figures
- Class period
- October 24, 2024 to April 8, 2026
- Fy2026 guidance
- negative 7% to negative 10% net sales
- Impairment charge
- $187 million
- Stock drop apr 2026
- more than 27% over two days
- Stock drop oct 2025
- more than 17%
- Owyn acquisition price
- $280 million
- Lead plaintiff deadline
- October 13, 2026
AI analysis
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