#United States #Los Angeles #Schall Law Firm #Securities Fraud #MGP Ingredients

MGP Ingredients Investors Invited to Join Class Action

In a significant move for shareholders of MGP Ingredients, Inc., the Schall Law Firm has issued a reminder about an ongoing class action lawsuit against the company. This case centers on allegations of securities fraud leading to misleading statements made by MGP Ingredients, which affected many investors who purchased shares during the specified period.

According to the notice issued by the Schall Law Firm, the lawsuit is directed at MGP Ingredients (NASDAQ MGPI) for purportedly violating specific provisions of the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), along with Rule 10b-5, as laid down by the U.S. Securities and Exchange Commission. Investors who acquired securities between May 4, 2023, and October 30, 2024, are encouraged to reach out before the cut-off date of May 26, 2025.

The crux of the allegations suggests that MGP Ingredients presented inflated claims regarding the demand and inventory status of their products, primarily focusing on their brown goods sector, including spirits like whiskey and tequila. Contrary to the positive narratives propagated by the company, evidence shows that there was an oversupply and a decline in consumer interest. This discrepancy has raised serious concerns among stakeholders regarding the accuracy and honesty of MGP Ingredients' public disclosures.

Additionally, the complaint contends that the Company's claims regarding its competitive differentiators and risk mitigation measures were fundamentally misleading. Investors who relied on these assertions were left vulnerable when the true state of affairs came to light, resulting in significant financial losses.

Shareholders who believe they have suffered damages as a result of these actions are advised to consider joining the class action to seek potential recovery of losses. There is encouragement for any impacted investors to contact Brian Schall at the Schall Law Firm's Los Angeles office for a free consultation about their legal rights and options moving forward.

It's important to note that the class action has yet to receive certification; until that occurs, individuals who opt not to get involved will remain absent class members. Thus, timely action is pivotal for affected investors, given that no representation is guaranteed without participating in this process.

The Schall Law Firm specializes in advocating for investors globally, focusing primarily on securities class action lawsuits and shareholder rights litigation. Their approach emphasizes transparency and supports shareholders in voicing their grievances and claiming their rights.

Important Contact Information

Investors looking for more information can reach out to the Schall Law Firm at:

• - Brian Schall, Esq.

2049 Century Park East, Suite 2460
Los Angeles, CA 90067
Phone: 310-301-3335
Website: www.schallfirm.com
Email: [email protected]

While this lawsuit progresses, adhering to the developments is crucial for all investors involved, as the outcome could significantly impact their financial recovery processes. Given the current economic climate and the complexities of legal affairs, staying informed and engaged becomes essential for recovering any losses incurred during these challenging times. The Schall Law Firm stands ready to assist investors who find themselves navigating these turbulent waters. Join the movement to uphold shareholder rights and seek justice today.