Rosen Law Firm Alerts MGP Ingredients Investors of Class Action Deadline

NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rosen Law Firm, a well-known global firm focused on investor rights, is urging individuals who purchased common stock in MGP Ingredients, Inc. (NASDAQ: MGPI) between May 4, 2023, and October 30, 2024, to take note of an important deadline in a pending securities class action.

Key Deadline: The firm reminds investors that the deadline to apply as a lead plaintiff in this class action is set for February 14, 2025. A lead plaintiff will represent group members and direct the litigation on their behalf.

Potential Compensation: If you bought MGPI shares during the specified period, you may qualify for compensation without incurring any upfront costs due to a contingency fee arrangement.

Steps to Join the Class Action

Interested investors should visit the following link to participate in the action: Join the MGPI Class Action. Alternatively, they can reach out to Phillip Kim, Esq. by calling toll-free at 866-767-3653 or by sending an email to [email protected] for more information regarding the class action.

A lawsuit has already been filed against MGPI, and potential participants must file their motions by the deadline to serve as lead plaintiff. It is important to note that until a class is certified, participants are not formally represented unless they choose to retain counsel.

The Basis of the Lawsuit

The lawsuit alleges that MGPI and its executives made false or misleading statements throughout the Class Period. They reportedly communicated that the demand for their products was strong and that their inventory levels were normal, while, in reality, there was a drop in consumption and an oversupply of their goods. Investors were also assured that the company was managing risks better than its competitors, a claim that has come into question as new information has revealed otherwise.

The negative implications of these statements led to losses for investors once the truth about MGPI's operational difficulties emerged, causing stock prices to decline.

As a reminder, investors can choose any counsel they prefer. Representation is not automatic unless they take the necessary steps to secure it.

About Rosen Law Firm

Rosen Law Firm is noted for its impressive track record in securities class actions. The firm encourages investors to opt for qualified legal counsel with proven success rates. Some firms that announce class actions may lack the necessary background or resources to effectively litigate. In contrast, Rosen Law Firm has recovered substantial settlements for investors, including being recognized as a leader in securities class actions.

For updates and further information, investors can follow Rosen Law Firm on social media platforms including LinkedIn and Twitter.

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