Securities Fraud Class Action Lawsuit Filed Against MGP Ingredients, Inc.

RADNOR, Pa., Dec. 22, 2024 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP announces to investors that a securities class action lawsuit has been initiated in the United States District Court for the Southern District of New York. This lawsuit involves MGP Ingredients, Inc. ("MGPI") and is on behalf of individuals who purchased or acquired MGPI common stock from May 4, 2023, to October 30, 2024, both dates inclusive (the "Class Period"). The deadline to become the lead plaintiff is February 14, 2025.

For immediate assistance, contact attorney Jonathan Naji, Esq. at (484) 270-1453 or via email at [email protected].

ALLEGATIONS AGAINST DEFENDANTS:

The lawsuit claims that throughout the Class Period, the Defendants made significant misstatements and omitted crucial information regarding the company's business operations. Specifically, it is alleged that Defendants did not disclose to investors that: (1) there existed a slowdown in consumption and an oversupply of their products; and (2) consequently, Defendants' optimistic statements regarding the company's operations and future prospects were misleading and lacked a reasonable basis during the entire period.

PROCESS FOR LEAD PLAINTIFF:

Investors in MGPI have the opportunity to seek appointment as the lead plaintiff representative for the class no later than February 14, 2025. They can do so via Kessler Topaz Meltzer & Check, LLP or other counsel, or they can opt to remain as absent class members. A lead plaintiff will represent all members of the class, directing the litigation process. Generally, the lead plaintiff will be the investor or a small group of investors with the largest financial stake in the case, as well as those who are considered adequate representatives of the class. The appointed lead plaintiff selects the legal counsel for the case, which must be approved by the court. Importantly, individuals' options to participate in any recovery will not be impacted by their choice to act as a lead plaintiff or not.

Kessler Topaz Meltzer & Check, LLP encourages investors of MGPI who have experienced noteworthy losses to reach out for more details.

CLICK HERE TO JOIN THE CASE OR VISIT :Sign Up for the Case

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:

Kessler Topaz Meltzer & Check, LLP handles class actions in both state and federal courts across the United States and internationally. The firm has built a considerable reputation for excellence, successfully recovering billions of dollars for victims affected by fraud and corporate misconduct. Their work is motivated by the goal of protecting investors, consumers, and employees from various forms of misconduct. Please note that this complaint was not filed by Kessler Topaz Meltzer & Check, LLP. For further information about the firm, visit their official website.

CONTACT INFORMATION:

Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

Note: This may be considered attorney advertising in some places. Past results do not guarantee future outcomes.

lawsuit, MGP, fraud