Investor Alert: Class Action Lawsuit Filed Against MGP Ingredients, Inc.

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

If you wish to get in touch with attorney Jonathan Naji, Esq., you can reach him at (484) 270-1453 or via email at [email protected].

Claims Against the Defendants:

The complaint outlines allegations that during the Class Period, the defendants issued materially false or misleading statements and negligently failed to disclose significant adverse facts regarding the company's operations and prospects. Specifically, investors were not informed of the following issues: (1) a noticeable decline in consumption and an oversupply of their products; and (2) the fact that the defendants' favorable comments about the company's business operations and prospects were misleading and lacked a reasonable basis during this period.

Process to Become a Lead Plaintiff:

Investors of MGPI may seek to act as a lead plaintiff to represent the class by contacting Kessler Topaz Meltzer & Check, LLP or another legal counsel by no later than February 14, 2025. Individuals can also choose to remain absent class members and do nothing. A lead plaintiff acts on behalf of all class members in guiding the litigation. The lead plaintiff is typically the investor or small group of investors that holds the largest financial stake in the class and is representative of the class's interests. They will select attorneys to represent them and the class, who will be approved as lead or class counsel by the court. It's important to note that the ability of individuals to share in any recovery is not impacted by the decision to serve as lead plaintiff or not.

Kessler Topaz Meltzer & Check, LLP urges MGPI investors who have incurred severe losses to reach out directly for more information.

For more details, click here to sign up for the case: MGPI Case Sign-Up.

About Kessler Topaz Meltzer & Check, LLP:

Kessler Topaz Meltzer & Check, LLP represents class actions in state and federal courts across the United States and around the globe. The firm has built a strong reputation for excellence, recovering billions on behalf of victims of fraud and corporate wrongdoing. The firm is committed to protecting investors, consumers, employees, and others from business misconduct, abuse, and negligence. It's important to note that the complaint in this case was not filed by Kessler Topaz Meltzer & Check, LLP. For additional information about their firm, please 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]

Please note that this may qualify as attorney advertising in certain jurisdictions. Previous outcomes do not guarantee similar results in future cases.

lawsuit, investors, MGP