Rosen Law Firm reminded investors in The Simply Good Foods Company of the October 13, 2026, deadline to seek appointment as lead plaintiff in a securities class action. The lawsuit covers purchasers of the company’s common stock from October 24, 2024, through April 8, 2026.
The complaint alleges that Simply Good Foods made materially false or misleading statements and failed to disclose adverse facts about its acquisition of Only What You Need, Inc. (OWYN). It alleges the company lost key personnel needed to integrate OWYN successfully, contributing to taste and texture problems with OWYN products.
The complaint further alleges that OWYN’s quarterly sales contracted nearly 17% year over year and that Simply Good Foods recorded a $187 million impairment charge. After the news, Simply Good Foods’ stock fell more than 27% over two days.