MGPI Investors Have a Chance to Earn MGP Ingredients, Inc. Investing.com Securities Fraud Case

New York, New York–(Newsfile Corp. – December 24, 2024) – The Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of the same stock. Ingredients of MGP Inc. (NASDAQ: NASDAQ: ) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you wish to serve as the lead plaintiff, you must remove the Court before February 14, 2025.

Now: If you purchased MGPI common stock during the Class Period you may be entitled to compensation without payment of any out-of-pocket payments or expenses through the contingency fee plan.

What you need to do next: To join an MGPI class action, visit or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as a lead plaintiff, you must file with the Court before February 14, 2025. A lead plaintiff is an entity that represents other class members in filing a lawsuit.

Why Rosen Law: We encourage investors to select qualified advisors with a track record of success in leadership roles. Generally, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder exit litigation. The Rosen Law Firm won the largest securities class action settlement ever against a Chinese Company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Value services for securities class agreements in 2017. The company has been listed in the top 4 every year since 2013 and has returned hundreds of millions of dollars to investors. In 2019 alone the company secured more than 438 million from investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Case details: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements, and failed to disclose material facts about MGPI’s business, operations, and prospects. Specifically, the defendants replicated strong demand and “normal” innovation levels for brown goods (ie, American whiskeys and tequila), when in fact there was a decline in consumption and oversupply of their products. Even worse, the defendants had convinced investors that they were positioned differently than their competitors, and that this was not an issue, because MGPI had already taken steps to mitigate risk, when in fact it had not. When true information enters the market, the lawsuit claims that investors suffered damages.

To join an MGPI class action, visit or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

No Class Guaranteed. Until the class is certified, you are not represented by an attorney unless you retain it. You can choose the advice of your choice. You can also remain a member of the absent class and do nothing for now. The investor’s ability to participate in any potential future returns is not dependent on performance as the lead claimant.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235087