LOS ANGELES, Feb. 6, 2025 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MGP Ingredients, Inc. (“MGP Ingredients” or “the Company”) MGPI for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between May 4, 2023 to October 30, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before February 14, 2025.    Â
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. MGP Ingredients revealed a 14% decline in sales year-over-year on October 17, 2024, while also lowering its annual guidance in a move described as “breathtaking” and a “material surprise” by analysts. The Company failed to disclose a slowdown in consumption and an oversupply of its brown goods, including American whiskies and tequila. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about MGP Ingredients, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Office: 310-301-3335
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SOURCE The Schall Law Firm
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