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

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

Contact Information:

Interested parties may get in touch with attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing [email protected].

Allegations Against the Defendants

The lawsuit claims that during the Class Period, Defendants made significant false and/or misleading statements and failed to disclose crucial negative information regarding the company's business operations and future prospects. Specifically, investors were not informed that there was a decline in product consumption and an oversupply issue, which misrepresented the company's overall business health. The apparent positive statements made by Defendants about MGPI’s business were allegedly false and misleading, lacking any reasonable basis.

How to Participate in the Lawsuit

Investors in MGPI who wish to seek appointment as a lead plaintiff may do so by February 14, 2025, through Kessler Topaz Meltzer & Check, LLP or alternative legal representation. Being a lead plaintiff means acting on behalf of all members of the class in guiding the litigation process. Typically, the lead plaintiff is the investor or a small group of investors with the largest financial stakes in the case and who are representative of the broader class of investors. The lead plaintiff gets to select legal counsel, which will require court approval.

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

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is dedicated to pursuing class action cases in state and federal courts across the nation and worldwide. The firm has earned a strong reputation for its commitment to protecting investors and recovering substantial amounts for victims of corporate fraud and misconduct. However, it is important to note that the complaint in this case was not initially filed by Kessler Topaz Meltzer & Check, LLP. For more details, please visit their official website.

Contact

This information is provided by:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

lawsuit, investors, MGPI