MGP Ingredients, Inc. Class Action Lawsuit - MGPI

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.

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

If you suffered a loss in MGP Ingredients, Inc. during the relevant time frame or pursuant to the relevant offering(s), 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.