Cases & Investigations
Simply Good Foods Investigation
Type: Investigations
Case Number: No. 26-cv-06971
Lead Plaintiff Deadline: 10/13/2026
Class Period: October 24, 2024 - April 8, 2026
Class Period End Date: 04/08/2026
Defendant(s): The Simply Good Foods Company (“Simply Good”)
Stock Symbol: NASDAQ: SMPL
Court: United States District Court for the Southern District of New York
The action is brought on behalf of investors who purchased or otherwise acquired Simply Good common stock between October 24, 2024 and April 8, 2026, inclusive. The deadline to seek appointment as lead plaintiff is October 13, 2026.
The case, Monroe County Employees’ Retirement System v. The Simply Good Foods Company, No. 26-cv-06971, is pending in the United States District Court for the Southern District of New York.
WHAT IS THE CASE ABOUT?
The lawsuit centers on Simply Good’s approximately $280 million acquisition of Only What You Need, Inc. (“OWYN”) and the Company’s statements concerning the integration, performance, and prospects of the acquired business.
The complaint alleges that those assurances failed to disclose significant problems affecting the OWYN business, including:
- the loss of key managerial personnel following the acquisition;
- an efficient and increasingly layered organizational structure created in response to those personnel losses;
- product quality problems associated with a new pea-protein supplier that allegedly affected the taste, texture, and shelf life of OWYN products;
- declining consumer demand, negative product reviews, and lost distributor relationships;
- increased discounting and promotional activity intended to stimulate sales, which allegedly pressured margins without producing the desired turnaround; and
- reductions in brand support and marketing that allegedly further weakened OWYN sales.
According to the complaint, these problems undermined the strategic and financial rationale for the OWYN acquisition while Simply Good continued to make positive statements concerning the business and its integration.
WHAT HAPPENED?
On October 23, 2025, Simply Good disclosed that OWYN’s sales growth had slowed and that consumer consumption had been negatively affected by a product-quality issue. Simply Good shares declined more than 17% that day, according to the complaint.
Then, on April 9, 2026, Simply Good reported that OWYN quarterly sales had fallen nearly 17% year over year and recorded an approximately $187 million impairment charge related to OWYN. Management also acknowledged that certain strategic decisions had ultimately weakened the business’s performance. Simply Good shares declined more than 27% over the following two trading days.
The lawsuit alleges that investors purchased Simply Good shares at artificially inflated prices as a result of defendants’ materially false and misleading statements and omissions.
WHAT CAN SMPL INVESTORS DO?
If you purchased or acquired Simply Good common stock between October 24, 2024 and April 8, 2026 and suffered a loss, you may contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com to discuss your legal rights.
Investors wishing to seek appointment as lead plaintiff must file a motion with the Court no later than October 13, 2026. You do not need to serve as lead plaintiff to participate in any potential recovery.
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