Class Action Lawsuit Filed Against MGP Ingredients, Inc.

New York City, NY / ACCESS Newswire / February 13, 2025

Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against MGP Ingredients, Inc. (“MGP Ingredients” or “the Company”) (NASDAQ:MGPI) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired MGP Ingredients securities between May 3, 2023 and October 30, 2024, both dates inclusive (the “Class Period”).

The lawsuit alleges that MGP Ingredients and certain of its officers made false and/or misleading statements and/or failed to disclose that: (1) the Company’s wheat protein concentrate was not as effective as stated; (2) the Company’s financial results were overstated; and (3) as a result of the above, the Company’s public statements were materially false and misleading at all relevant times.

Investors who purchased or otherwise acquired MGP Ingredients securities during the Class Period may be eligible to participate in the lawsuit and seek compensation for any damages suffered.

For more information and to participate in the class action, investors are encouraged to contact Bronstein, Gewirtz & Grossman, LLC.

How Does This Lawsuit Affect Me?

As an investor in MGP Ingredients, Inc., this lawsuit could potentially have financial implications for you. If the allegations of false and misleading statements are proven true, the value of your investments in the Company may be affected. It is important to stay informed about the progress of the lawsuit and consider seeking legal advice on how to best protect your interests.

How Does This Lawsuit Affect the World?

From a broader perspective, this class action lawsuit against MGP Ingredients, Inc. highlights the importance of transparency and accountability in corporate practices. Allegations of false and misleading statements not only harm investors but also erode trust in the financial markets. As the case unfolds, it is crucial to monitor how regulatory bodies and the company respond to the allegations to ensure that justice is served and similar incidents are prevented in the future.

Conclusion

Overall, the class action lawsuit against MGP Ingredients, Inc. serves as a reminder of the risks involved in investment and the need for diligent oversight of corporate conduct. Investors should stay informed and seek legal guidance to protect their interests, while the broader financial community should reflect on the importance of integrity and transparency in maintaining a fair and trustworthy market environment.