Bensalem, Pa. – September 10, 2026 -- Investors who lost money on Simply Good Foods Company (SMPL) stock have until October 13, 2026 to seek lead plaintiff status in a securities fraud class action, the Law Offices of Howard G. Smith announced.
Lawsuit targets 17-month period of alleged misstatements tied to OWYN acquisition
The class action covers statements made between October 24, 2024 and April 8, 2026. The complaint alleges Simply Good Foods failed to disclose that it lost key managerial personnel following its acquisition of protein brand OWYN, undermining integration of the acquired assets.
Complaint cites supplier quality issues and margin erosion at OWYN
According to the filing, a new pea protein supplier brought on before the acquisition created significant product quality problems that hurt OWYN products. The complaint further alleges Simply Good Foods ran promotional activity for OWYN above historical levels, eroding margins, then cut brand support and marketing to offset the erosion -- a move that allegedly further depressed sales.
Plaintiffs claim OWYN deal failed to meet its strategic rationale
The lawsuit alleges these combined issues meant the OWYN acquisition largely failed to achieve its key strategic goals, with integration facing severe operational and execution problems. As a result, plaintiffs contend, Defendants' public statements about the company's business, operations, and prospects lacked a reasonable basis or were materially misleading.
Investors face October 13 deadline to seek lead plaintiff role
Class members are not required to take action to remain part of the litigation and may retain counsel of their choosing or stay passive. The Law Offices of Howard G. Smith, based in Bensalem, Pennsylvania, is soliciting shareholders with losses to come forward before the lead plaintiff deadline.