litigation
confidence high
sentiment negative
materiality 0.85
Beyond Meat loses trademark jury trial; ordered to pay $38.9M in damages
BEYOND MEAT, INC.
- Jury found Beyond Meat liable for trademark infringement; fair use defense rejected.
- Awarded $23.5M in actual damages and $15.4M in disgorgement of profits.
- Company disagrees with verdict and intends to seek judicial review and appeal.
- Separately, Quebec Court of Appeal granted Beyond Meat's motion to refer BVeggie dispute to arbitration in California.
- BVeggie had claimed ~129.8M CAD; arbitration venue win is a procedural positive for Beyond Meat.