MGP Ingredients(US:MGPI) Prnewswireยท2025-01-17 17:16Core 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 MGPI - 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: Lead Plaintiff Process - Investors in MGPI have until February 14, 2025, to seek appointment as a lead plaintiff representative of the class, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the case and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages MGPI investors who have suffered losses to contact them for more information regarding the lawsuit [4].