MGP Ingredients Class Action Lawsuit Notice

RADNOR, Pa., Jan. 04, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces the filing of a securities class action lawsuit against MGP Ingredients, Inc. ("MGPI"). This lawsuit, initiated in the United States District Court for the Southern District of New York, seeks to represent investors who purchased or acquired MGPI common stock during the period from May 4, 2023, to October 30, 2024 (the "Class Period"). The deadline for appointing a lead plaintiff is February 14, 2025.

Investors interested in this litigation can reach out to Jonathan Naji, Esq. at Kessler Topaz Meltzer & Check, LLP by calling (484) 270-1453 or via email at [email protected].

Allegations Against Defendants

The complaint claims that, throughout the Class Period, the defendants made several materially false statements and omitted critical negative information regarding MGPI's business, operations, and future outlook. In particular, the defendants are accused of not disclosing a decline in demand and oversupply of MGPI's products. Consequently, the positive claims made by the defendants about the company's performance and prospects are alleged to have been misleading and unfounded at all relevant times.

The Lead Plaintiff Role

Investors in MGPI have the opportunity to apply for the role of lead plaintiff by February 14, 2025. They may do so through Kessler Topaz Meltzer & Check, LLP or by engaging other legal counsel. The lead plaintiff serves as a representative for all members of the class in guiding the lawsuit. Typically, the lead plaintiff is the individual or small group of individuals who have the most significant financial stake in the case and whose circumstances are representative of the broader class. This individual will select the legal counsel to represent both themselves and the class, subject to court approval. Participating as a lead plaintiff does not affect an individual's ability to receive compensation from any recovery in the case.

Kessler Topaz Meltzer & Check, LLP encourages affected investors who experienced considerable financial losses to directly reach out for more information regarding this lawsuit.

For registration and further details about the case, potential plaintiffs can click here.

About the Law Firm

Kessler Topaz Meltzer & Check, LLP specializes in prosecuting class actions in state and federal courts across the United States and worldwide. The firm has built a reputation for excellence and has returned billions to victims of fraud and corporate misconduct. The primary mission of Kessler Topaz is to safeguard investors, consumers, employees, and others against fraud, negligence, and corporate misbehavior. Please visit their website for additional details.

Contact information for Kessler Topaz Meltzer & Check, LLP is as follows:

Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

This announcement may be considered attorney advertising in certain regions. Past results do not guarantee future outcomes.

lawsuit, investment, securities