Rosen Law Firm Urges MGP Ingredients, Inc. Investors to Act Before Class Action Deadline

New York, New York—The Rosen Law Firm, known for its commitment to investor rights, has announced a class action lawsuit on behalf of individuals who bought common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) during the period between May 4, 2023, and October 30, 2024.

This class action has already been initiated. To be considered for the lead plaintiff position, you must file your application with the court by February 14, 2025.

Eligibility for Compensation

If you purchased MGPI common stock during the specified Class Period, you may qualify for compensation. This can be received without incurring any out-of-pocket fees, as the arrangement is based on a contingency fee basis.

Next Steps for Interested Investors

To join the MGPI class action, please visit here or contact Phillip Kim, Esq., toll-free at 866-767-3653. Alternatively, you can email [email protected] to gain more information regarding the class action.

It is crucial to note that although a class action lawsuit has already been filed, you must act quickly if you aim to be the lead plaintiff by the stated deadline.

Rosen Law Firm's Experience

The Rosen Law Firm urges potential investors to choose legal representation that has a proven track record of success. Many firms that send notifications might lack the experience and resources comparable to those of the Rosen Law Firm. This firm represents investors around the world, specializing in securities class actions and shareholder derivative lawsuits.

Notably, Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at the time and has been recognized as a leader in the field. The firm ranked first in number of securities class action settlements in 2017, consistently maintaining a top position since 2013, recovering hundreds of millions for its clients.

Case Details

The lawsuit states that during the Class Period, the defendants made misleading representations and failed to disclose significant adverse information regarding MGPI's operations and future. They purportedly claimed that there was strong demand and typical inventory levels for brown goods like American whiskies and tequila, despite evidence of decreased consumption and an oversupply of products in the market. Additionally, they assured investors that MGPI was positioned better than its competitors and had actively mitigated risks, which was later proven false. As a result, when the true situation was revealed, investors faced losses.

Final Notes

For those wishing to join the MGPI class action, please visit this link, or contact Phillip Kim, Esq. at 866-767-3653 or [email protected].

It is important to understand that no class has been certified yet. Until that happens, individuals are not represented by an attorney unless they hire one. They can choose their counsel or decide to remain a member of the class without taking any action.

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lawsuit, investors, compensation