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, LLC is reminding investors they have until October 13, 2026 to file lead plaintiff applications in a securities class action against Simply Good Foods Company (NasdaqCM: SMPL), covering purchasers of shares between October 24, 2024 and April 8, 2026; the case is pending in the Southern District of New York. The suit alleges Simply Good and certain executives failed to disclose that a raw material sourcing decision for pea protein at its OWYN segment, acquired in 2024 for $280 million, caused taste and texture issues, negative product ratings, and depressed sales.
Key figures
- Case number
- No. 26-cv-06971
- Class period
- October 24, 2024 to April 8, 2026
- 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
- Fy2025 net sales growth
- 9%
- Lead plaintiff deadline
- October 13, 2026
- Fy2026 guidance apr 2026
- negative 7% to negative 10%
- Fy2026 guidance oct 2025
- negative 2% to positive 2%
- Owyn q2 sales decline yoy
- nearly 17%
AI analysis
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