MGP Ingredients, Inc.

46 Days Left

Class Action Period:
May 04, 2023 - October 30, 2024

Lead Plaintiff Deadline:
February 14, 2025

Case Form

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Allegations

According to the filed complaint, throughout the class period, defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI's business, operations, and prospects. Specifically, defendants repeatedly touted a strong demand and “normal” inventory levels in brown goods (i.e., American whiskies and tequila), when in fact there had been a slowdown in consumption and oversupply in their products. Worse, defendants had assured investors that they were positioned differently than their competitors, and that this was a non-issue, because MGPI had already taken steps to mitigate the risk, when in fact it had not.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of MGP Ingredients, Inc. purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in MGP Ingredients, Inc. during the relevant time frame, you have until February 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.