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, 2023
to October 30, 2024
ALLEGATIONS: According to the filed complaint, throughout
the class period, defendants made materially false and/or
misleading statements, and failed to disclose material adverse
facts about MGPI's business, operations, and prospects.
Specifically, defendants repeatedly touted a strong demand and
"normal" inventory levels in brown goods (i.e., American whiskies
and tequila), when in fact there had been a slowdown in consumption
and oversupply in their products. Worse, defendants had assured
investors that they were positioned differently than their
competitors, and that this was a non-issue, because MGPI had
already taken steps to mitigate the risk, when in fact it had
not.
DEADLINE: February 14, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form-2/?id=118937&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MGPI during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 14, 2025. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mgpi-lawsuit-alert-the-gross-law-firm-notifies-mgp-ingredients-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-302339794.html
SOURCE The Gross Law Firm
