AMERICAS DISTRESS DAILY: Beyond Meat Warns of Material Weakness

Beyond Meat expects to report a material weakness in its financial controls and has delayed the release of 3Q results for a second time.

• The firm is facing softer demand for meat alternatives in the US as consumers look for less-processed foods and the product remains more expensive than actual meat.

In Other News:

• Casino operator AffinityInteractive is in talks with Moelis for advice on restructuring negotiations with bondholders amid concerns over potential losses.
• Oi’s judicial manager warned the Brazilian telecom firm might be unable to follow its current judicial recovery plan and pay extra-bankruptcy debts following a court ...