NEW YORK, NY–(Newsfile Corp. – December 24, 2024) – The Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of common stock. MGP ingredients Inc. (NASDAQ: NASDAQ:) in the period from May 4, 2023 to October 30, 2024. A class action lawsuit has already been filed. If you want to be the lead plaintiff, you must move the court no later than February 14, 2025.
So what? If you purchased MGPI common stock during the class period, you may be entitled to compensation without paying any out-of-pocket taxes or expenses under the contingency fee arrangement.
What should we do next? To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Philip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you want to be the lead plaintiff, you must move the court no later than February 14, 2025. A lead plaintiff is a representative party acting on behalf of other class members in litigation.
Why Rosen’s Law: We encourage investors to choose a qualified consultant to succeed in leadership roles. Often, the firms that issue the notices do not have comparable experience, resources, or any significant peer recognition. Be wise when choosing advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm reached a securities class action settlement against the Chinese company at the time. Law firm Rosen took first place in the ISS Securities category action (WA:) Services for Securities Class Settlements in 2017. The firm has been in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a plaintiffs’ attorney titan by law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, the defendants throughout the class period made materially false and/or misleading statements and failed to disclose material adverse facts about MGPI’s business, operations and prospects. Specifically, Defendants repeatedly claimed strong demand and “normal” inventory levels for brown goods (ie, American whiskeys and tequila), when in fact there was a slowdown in consumption and an oversupply of their products. Worse, the defendants convinced investors that they were differently positioned than their competitors, and that this was not a problem because MGPI had already taken steps to mitigate risk, when in fact this was not the case. When the true details entered the market, the lawsuit alleges, investors were harmed.
To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Philip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for class action information.
No classes have been certified. Until the class is certified, you are not represented by an attorney unless you retain one. You can choose the favorite of your choice. You can also remain an absent member of the class and do nothing at this point. An investor’s ability to participate in any potential future recovery is not dependent on being the lead plaintiff.
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