Lawsuit filed against Simply Good Foods over alleged fraudulent practices

NEW YORK, Sept. 3, 2026 /CourierPR/ -- The lawsuit centers on claims that Simply Good Foods and its officers or directors engaged in fraudulent or unlawful business practices. Investors have until October 13, 2026, to seek appointment as lead plaintiff in the case if they purchased or otherwise acquired the company's securities during the class period. A copy of the complaint is available at www.pomerantzlaw.com.

In October 2025, Simply Good Foods disclosed financial results for its fourth fiscal quarter and year ending August 30, 2025. The company reported a slowdown in the growth of its OWYN segment, which was attributed to a previously undisclosed quality issue. CEO Geoff E. Tanner explained during an earnings call that a decision to source pea protein as a raw material had led to taste and texture issues, negatively impacting consumer perceptions and sales. Following this news, Simply Good Foods' stock price dropped by 17.35% to close at $20.63 per share.

In April 2026, Simply Good Foods announced a $187 million impairment charge against its OWYN brand intangible assets and a significant decline in its 2026 net sales outlook, projecting a 7% to 10% drop from the previous year. This news caused another stock price decline of 18.11%, closing at $11.80 per share.

Pomerantz LLP, headquartered in New York with offices in Chicago, Los Angeles, London, Paris, and Tel Aviv, is a leading firm in corporate, securities, and antitrust class litigation. Founded by Abraham L. Pomerantz, the firm has been at the forefront of securities class action cases for over 85 years.