Lawsuit Overview - A securities class action lawsuit has been filed against MGP Ingredients, Inc (MGPI) on behalf of investors who purchased or acquired MGPI common stock between May 4, 2023, and October 30, 2024 [1] - The lead plaintiff deadline is February 14, 2025 [1] Allegations - Defendants are accused of making materially false and/or misleading statements during the Class Period [2] - Defendants allegedly failed to disclose a slowdown in consumption and oversupply in their products [2] - Defendants' positive statements about the company's business, operations, and prospects were allegedly materially misleading and/or lacked a reasonable basis [2] Lead Plaintiff Process - MGPI investors may seek to be appointed as a lead plaintiff representative of the class by February 14, 2025 [3] - The lead plaintiff is typically the investor or small group of investors with the largest financial interest who are also adequate and typical of the proposed class [3] - The lead plaintiff selects counsel to represent the lead plaintiff and the class [3] Law Firm Information - Kessler Topaz Meltzer & Check, LLP is prosecuting the class action and encourages MGPI investors who have suffered significant losses to contact the firm [4] - The firm has a global reputation for excellence and has recovered billions of dollars for victims of fraud and corporate misconduct [4]

NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in MGP Ingredients, Inc. ("MGP Ingredients, Inc." or the "Company") (NASDAQ: MGPI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MGP Ingredients, Inc. investors who were adversely affected by alleged securities fraud between May 4, 2023 and October 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/mgp- ...

Class Action Lawsuit Against MGP Ingredients, Inc - A class action lawsuit has been filed on behalf of investors who purchased or acquired MGP Ingredients, Inc (MGPI) common stock between May 4, 2023, and October 30, 2024 [1] - MGPI is a company that manufactures, distills, and sells alcoholic beverages including tequila, bourbon, rye, and other whiskeys, as well as grain-neutral spirits like vodka and gin [1] Allegations of Misleading Investors - The complaint alleges that MGPI misled investors regarding demand and inventory levels for its brown goods (American whiskies and tequila) [2] - Defendants repeatedly claimed strong demand and "normal" inventory levels, while in reality, there was a slowdown in consumption and oversupply [2] - MGPI assured investors that they were positioned differently than competitors and had taken steps to mitigate risks, which was not true [2] Impact on Stock Price - On October 17, 2024, MGPI admitted that soft demand and high inventories were undermining sales, leading to a 29.5% decline in share price from $81.57 to $57.50 over three trading days [3] - On October 31, 2024, MGPI further confessed that excess inventories would have an even greater impact on 2025 sales, causing the stock price to drop another 14.7% to $48.08 [4] Legal Representation and Shareholder Rights - Robbins LLP, a law firm specializing in shareholder rights litigation, is investigating the allegations against MGPI [6] - The firm has a history of recovering over $1 billion for shareholders since its inception in 2002 [6]

Lawsuit Overview - A securities class action lawsuit has been filed against MGP Ingredients, Inc (MGPI) in the United States District Court for the Southern District of New York [1] - The lawsuit is on behalf of investors who purchased or acquired MGPI common stock between May 4, 2023, and October 30, 2024 [1] - The lead plaintiff deadline is February 14, 2025 [1] Allegations - Defendants are alleged to have made materially false and/or misleading statements during the Class Period [2] - Defendants failed to disclose material adverse facts about the company's business, operations, and prospects [2] - Specifically, Defendants did not disclose a slowdown in consumption and oversupply in their products [2] - As a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis [2] Lead Plaintiff Process - MGPI investors may seek to be appointed as a lead plaintiff representative of the class no later than February 14, 2025 [3] - The lead plaintiff is typically the investor or small group of investors with the largest financial interest who are also adequate and typical of the proposed class [3] - The lead plaintiff selects counsel to represent the lead plaintiff and the class [3] - The decision to serve as a lead plaintiff does not affect the ability to share in any recovery [3] Law Firm Information - Kessler Topaz Meltzer & Check, LLP is prosecuting the class action [4] - The firm has a global reputation for excellence and has recovered billions of dollars for victims of fraud and corporate misconduct [4] - The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP [4]

NEW YORK, Jan. 3, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in MGP Ingredients, Inc. ("MGP Ingredients, Inc." or the "Company") (NASDAQ: MGPI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MGP Ingredients, Inc. investors who were adversely affected by alleged securities fraud between May 4, 2023 and October 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/mgp- ...

RADNOR, Pa., Dec. 30, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against MGP Ingredients, Inc. ("MGPI") (NASDAQ: MGPI) on behalf of those who purchased or otherwise acquired MGPI common stock between May 4, 2023, and October 30, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is February 14, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered MGPI losses, you may  ...

NEW YORK, Dec. 30, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MGP Ingredients, Inc. (NASDAQ: MGPI).Shareholders who purchased shares of MGPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE: https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form-2/?id=118937&from=4 CLASS PERIOD: May 4, ...

NEW YORK, Dec. 27, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in MGP Ingredients, Inc. ("MGP Ingredients, Inc." or the "Company") (NASDAQ: MGPI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MGP Ingredients, Inc. investors who were adversely affected by alleged securities fraud between May 4, 2023 and October 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/mgp ...

LOS ANGELES, Dec. 23, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MGP Ingredients, Inc. ("MGP Ingredients" or "the Company") (NASDAQ: MGPI) for violations of §§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.Investors who purchased the Company's securities between May 4, 2023 to October 30, 2024, inclusive (the "Class Per ...

NEW YORK, Dec. 23, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MGP Ingredients, Inc. (NASDAQ: MGPI).Shareholders who purchased shares of MGPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form-2/?id=117763&from=4CLASS PERIOD: May 4, 20 ...