Recent Security Class Actions

MGP Ingredients Inc. (NASDAQ: MGPI)

55 Days left to seek lead plaintiff status.

Company Name:MGP Ingredients Inc.
Stock Symbol:NASDAQ: MGPI
Class Period Start:05/04/2023
Class Period End (inclusive):10/30/2024
Filing Deadline:02/14/2025

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’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 the Company had already taken steps to mitigate the risk, when in fact it had not.

MGP Ingredients Inc. (NASDAQ: MGPI) Claim Form

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