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MGPI Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against MGP Ingredients, Inc. (MGPI)

1. A class action lawsuit against MGPI alleges false statements about business performance. 2. The lawsuit covers MGPI stock purchases from May 4, 2023, to October 30, 2024. 3. Investors are encouraged to seek lead plaintiff status by February 14, 2025. 4. Defendants allegedly misled investors regarding product consumption slowdown and oversupply.

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Why Very Bearish?

Legal issues can significantly harm investor confidence, impacting share price negatively. Past cases, like those involving securities fraud, often lead to declines in stock prices following announcements.

How important is it?

The article highlights significant legal risks that could detrimentally impact MGPI's stock value. Legal actions often affect market perception of a company's stability.

Why Short Term?

The immediate legal concerns may prompt investors to sell shares quickly. Historical trends show stocks affected by lawsuits frequently experience rapid downward movements.

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MGPI
RADNOR, Pa., Jan. 25, 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 may CLICK HERE or copy and paste this link into your browser: https://www.ktmc.com/new-cases/mgp-ingredients-inc?utm_source=PR&utm_medium=link&utm_campaign=mgpi&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) there had been a slowdown in consumption and oversupply in their products; and (2) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. THE LEAD PLAINTIFF PROCESS: MGPI investors may, no later than February 14, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages MGPI investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/mgp-ingredients-inc?utm_source=PR&utm_medium=link&utm_campaign=mgpi&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world.  The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087[email protected] May be considered attorney advertising in certain jurisdictions.  Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

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