Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against MGP Ingredients, Inc. regarding breaches of fiduciary duties by the board of directors following a class action complaint related to significant stock price declines due to misrepresentations about inventory and sales projections [1][2][3]. Company Overview - MGP Ingredients, Inc. is a manufacturer of various hard liquors including tequila, bourbon, rye, whiskey, vodka, and gin, selling products under its own brands and to other distributors [2]. Industry Context - Sales of hard liquors surged during the COVID-19 pandemic but have since slowed as quarantines ended, leading to increased inventory levels across the alcoholic beverage industry [2]. Legal Allegations - The class action complaint alleges that during the class period from May 4, 2023, to October 30, 2024, MGPI misled investors by assuring them that it was well-prepared for the industry slowdown and that its sales projections were accurate [2]. Stock Performance Impact - Following announcements of a slowdown in demand and excess inventory, MGPI's stock price fell by 29.5% on October 17, 2024, and an additional 14.7% on October 31, 2024, resulting in a total decline of nearly 50% and significant loss in market capitalization [3].

Core Points - Yellowstone Bourbon has donated a total of $1 million to the National Parks Conservation Association (NPCA) since 2018, marking a significant milestone in their partnership [1][2][5] - The brand will continue its annual donation of over $250,000 as part of the renewed partnership with NPCA [1][2] - To celebrate this achievement, a new video series will be launched to highlight the impacts of park protection made possible by the partnership, with the first video debuting on February 20 [3][4] Company Overview - Yellowstone Bourbon was founded by Joseph Bernard Dant and is named after America's first national park, established in 1872 [7] - The brand is part of Limestone Branch Distillery, which was established by seventh-generation Master Distiller Stephen Beam in 2011 [7] - Yellowstone Bourbon has been a significant corporate donor to NPCA, supporting various campaigns to protect national parks and engage the public [5][7] Partnership Impact - The partnership has led to numerous initiatives, including a music video series featuring artists performing in national parks and direct support for flood relief efforts in Yellowstone National Park [5] - NPCA, established in 1919, has over 1.6 million members and works to safeguard national parks for future generations [6]

Core Viewpoint - A securities class action lawsuit has been filed against MGP Ingredients, Inc. (MGPI) for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from May 4, 2023, to October 30, 2024 [1][2]. Group 1: Allegations Against the Company - The lawsuit claims that MGPI's defendants failed to disclose a slowdown in consumption and oversupply of their products, which rendered their positive statements about the company's business misleading [2]. - The complaint indicates that the defendants' statements lacked a reasonable basis at all relevant times, impacting investor decisions [2]. Group 2: Legal Process for Investors - Investors in MGPI have until February 14, 2025, to seek appointment as lead plaintiff representatives in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case, and their decision to serve does not affect their ability to share in any recovery [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP, the law firm handling the case, has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) during the specified Class Period of the upcoming lead plaintiff deadline on February 14, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought MGPI common stock between May 4, 2023, and October 30, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 14, 2025 [2][6]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. Group 3: Case Allegations - The lawsuit alleges that defendants made materially false and misleading statements regarding MGPI's business and operations, particularly concerning demand and inventory levels in brown goods [4]. - It is claimed that defendants assured investors of a strong position compared to competitors, despite not taking necessary steps to mitigate risks associated with oversupply and consumption slowdown [4].

NEW YORK, Feb. 3, 2025 /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=126266&from=4CLASS PERIOD: May 4, 202 ...

RADNOR, Pa., Feb. 2, 2025 /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 ...

ATCHISON, Kan., Jan. 31, 2025 /PRNewswire/ -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, is pleased to announce the promotion of Michael Buttshaw to President, Ingredient Solutions, effective today. In his new role, Buttshaw will lead the continued development of the Ingredient Solutions business from operational excellence to financial growth across the business unit's teams, including its research and development, manufacturing, ...

NEW YORK, Jan. 27, 2025 /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=124869&from=4CLASS PERIOD: May 4, 20 ...

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 alleged to have made materially false and/or misleading statements during the Class Period [2] - Defendants 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 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] Law Firm Information - Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts globally [4] - The firm has recovered billions of dollars for victims of fraud and other corporate misconduct [4] - The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP [4]

NEW YORK, Jan. 23, 2025 /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=124340&from=4CLASS PERIOD: May 4, 20 ...