Deadline Approaches for Class Action Against MGP Ingredients, Inc.: Investors Alerted

Attention MGP Ingredients Investors



A significant announcement has surfaced for investors holding stocks in MGP Ingredients, Inc. (NASDAQ: MGPI). A class action lawsuit is underway, spearheaded by Levi & Korsinsky, LLP, to address allegations of securities fraud that may have impacted investors from May 4, 2023, to October 30, 2024.

The clock is ticking, with the deadline to join this class action set for February 14, 2025. This lawsuit aims to provide shareholders, who have experienced losses during the specified period, a chance to seek compensation for their investments. For those affected, time is of the essence.

Case Summary


The crux of the legal battle revolves around accusations that pivotal figures within MGP Ingredients made materially misleading statements. Throughout the class period, they purportedly misrepresented the company's business performance, emphasizing a strong demand for certain products, notably American whiskies and tequila.

However, the reality showcased a downturn in consumption, ultimately revealing an oversaturation of supply that contradicted prior assurances provided to investors. Alarmingly, while the defendants claimed that MGP Ingredients had taken significant measures to mitigate these risks, evidence suggests otherwise.

What’s at Stake?

If you found yourself at a financial loss during this timeframe while investing in MGP Ingredients, joining this class action could prove beneficial. Levi & Korsinsky emphasizes that participating does not require one to be a lead plaintiff, thus widening the scope for potential compensation. Furthermore, shareholders can file claims without any upfront costs, making it accessible for various investors.

Why Choose Levi & Korsinsky?


Levi & Korsinsky stands out for its extensive experience in securities litigation, boasting over two decades of successful client representation, recovering hundreds of millions for distressed shareholders. The firm has been recognized as one of the leading securities litigation firms in the U.S., maintaining a strong track record in high-stake cases.

Next Steps for Investors


Interested investors can easily learn more or submit their claims by following the links provided on the Levi & Korsinsky website. They can also reach out directly to Joseph E. Levi, Esq. via email or phone for further guidance on how to proceed.

Conclusively, for those who have suffered losses in MGP Ingredients, inc. during the defined class period, this is an opportunity to assert your rights and seek restoration of your investments. Don’t let this chance slip away; consider your options before the approaching deadline.

Contact Information


For those interested in more details, Levi & Korsinsky, LLP can be reached at:
  • - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
  • - Email: [email protected]
  • - Phone: (212) 363-7500

Topics Financial Services & Investing)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.