Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against MGP Ingredients, Inc. (MGPI) on behalf of long-term stockholders due to a class action complaint filed on December 16, 2024, concerning alleged breaches of fiduciary duties by the board of directors during the class period from May 4, 2023, to October 30, 2024 [1][6]. Company Overview - MGP Ingredients, Inc. is a manufacturer of hard liquors, including tequila, bourbon, rye, whiskey, vodka, and gin, selling products under its own brands and to other distributors [6]. - Prior to the class period, sales of hard liquors surged due to COVID-19, but post-quarantine, the industry experienced a slowdown, leading to increased inventory backlogs [6]. Allegations and Impact - The complaint alleges that MGPI misled investors by assuring them that it was well-positioned to manage the industry slowdown and inventory buildup [6]. - On October 17, 2024, MGPI announced that demand had slowed and excess inventory would negatively impact sales, resulting in a 29.5% drop in stock price [6]. - Following further revelations on October 31, 2024, regarding the greater-than-expected impact of excess inventory, MGPI's stock fell an additional 14.7%, closing at $49.04 per share, leading to a total decline of nearly 50% and significant loss in market capitalization [6].

Core Insights - Central Standard Craft Distillery will relocate its main operations to a refurbished 73,000-square-foot space on the historic Harley-Davidson campus in Milwaukee, aiming to open in late spring 2026 [1][3] - The expansion is expected to increase distillery production capacity by 20 times and create new job opportunities, with headcount projected to double [4][3] - Both Central Standard and Harley-Davidson have a strong history of investing in the Milwaukee community, enhancing local economic and tourism landscapes [2][6] Company Developments - Central Standard's new facility will include full distillery production, a tasting room, tours, and private events, consolidating operations currently spread across three locations [1][4] - The project is designed by Minnesota-based firm HGA, which has previously worked on Central Standard's Crafthouse & Kitchen [5] - Harley-Davidson continues to invest in the Juneau Avenue area, recently unveiling Davidson Park as part of its commitment to community revitalization [6][7] Market Position - Central Standard Craft Distillery is recognized as the fastest-growing top-10 distiller in Wisconsin, producing award-winning spirits from locally sourced ingredients [9] - The partnership with Harley-Davidson is seen as a strategic move to enhance Central Standard's presence and engagement within the Milwaukee community [4][3]