MGP Ingredients(MGPI) Prnewswire·2025-01-08 02:00Lawsuit 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]