Important Notice for MGP Ingredients, Inc. (MGPI) Shareholders: Potential Class Action Lawsuit
New York, NY, February 10, 2025 – The Gross Law Firm, a leading national shareholder rights law firm, announces that it is investigating potential securities fraud claims on behalf of shareholders of MGP Ingredients, Inc. (MGPI) (NASDAQ: MGPI).
The investigation focuses on whether MGP Ingredients and certain of its executives and directors violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information during the class period, which is believed to be between January 1, 2023, and November 15, 2024.
Class Period and Eligibility
If you purchased or acquired MGPI shares during the class period, you may be a member of the class. You may also be eligible to become a lead plaintiff, which is a representative for all class members in the action. If you wish to serve as a lead plaintiff, you must move the Court no later than February 28, 2025.
Allegations
The investigation focuses on whether the Company and its executives and directors violated securities laws by making false and/or misleading statements and/or failing to disclose material information about the Company’s business, operations, and financial condition. Specifically, the investigation focuses on whether the Company and its executives and directors: (1) misrepresented the Company’s financial performance and prospects; (2) failed to disclose material information regarding the Company’s business and operations; and (3) failed to disclose material information regarding the Company’s relationship with certain key customers.
Potential Impact on Shareholders
If the allegations are true, MGP Ingredients shareholders may have suffered significant losses. The investigation is ongoing, and the Gross Law Firm encourages shareholders to contact the firm for more information.
Impact on the World
The potential impact of this investigation on the world may depend on the outcome of the investigation and any resulting litigation. If the allegations are true, investors in the industry may become more cautious about investing in companies with questionable financial reporting practices. Additionally, if the investigation results in a settlement or other resolution, shareholders may be able to recover their losses.
Conclusion
The Gross Law Firm is committed to protecting the rights of shareholders and pursuing justice on their behalf. If you purchased or acquired MGP Ingredients shares during the class period and believe you may have a claim, please contact the Gross Law Firm as soon as possible. You may be able to join a securities class action lawsuit to seek compensation for your losses.
- If you purchased or acquired MGP Ingredients shares during the class period, you may be a member of the class.
- If you wish to serve as a lead plaintiff, you must move the Court no later than February 28, 2025.
- The investigation focuses on potential securities fraud claims against MGP Ingredients and certain executives and directors.
- The investigation focuses on whether the Company and its executives and directors violated securities laws by making false and/or misleading statements and/or failing to disclose material information.
- The potential impact of this investigation on the world may depend on the outcome of the investigation and any resulting litigation.
- The Gross Law Firm is committed to protecting the rights of shareholders and pursuing justice on their behalf.
