Important Investor Alert: Schall Law Firm Announces Class Action Lawsuit Against MGP Ingredients, Inc.
Los Angeles, CA – March 28, 2025
In a recent press release, The Schall Law Firm, a renowned national shareholder rights litigation firm, took the initiative to remind investors of a significant class action lawsuit against MGP Ingredients, Inc. (MGPI). This lawsuit alleges that the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Class Action Details
The lawsuit is on behalf of all investors who purchased MGP Ingredients securities during the period between May 4, 2023, and October 30, 2024, inclusive (the “Class Period”). Investors who meet these criteria are urged to contact The Schall Law Firm before May 26, 2025.
Background
MGP Ingredients, Inc. is a leading independent supplier of premium distilled spirits and specialty wheat proteins and starches. The Company’s innovative solutions are used in various industries, including food, beverage, and pharmaceutical.
Allegations
The complaint alleges that MGP Ingredients made false and misleading statements regarding its business, operational, and financial results. The Company reportedly failed to disclose important information to investors, including significant information regarding its financial condition and its ability to meet its financial obligations.
Impact on Individual Investors
For individual investors, this lawsuit could result in potential financial losses due to their investment in MGP Ingredients during the Class Period. If the allegations are proven true, investors may be entitled to compensation for their losses.
Global Implications
On a broader scale, this lawsuit highlights the importance of transparency and accurate reporting in the business world. Companies that fail to provide truthful and timely information to investors can face severe consequences, including financial losses and reputational damage.
Conclusion
The class action lawsuit against MGP Ingredients, Inc. serves as a reminder to all investors to stay informed and vigilant when it comes to their investments. By staying up-to-date on a company’s financial performance and disclosures, investors can protect themselves from potential losses and help maintain the integrity of the financial markets. For more information about the lawsuit or to discuss your investment losses, contact The Schall Law Firm.
- MGP Ingredients, Inc. (MGPI)
- Class Action Lawsuit
- Violations of Securities Exchange Act of 1934
- May 26, 2025, deadline for contacting The Schall Law Firm
