#United States #Class Action #Securities Fraud #Bensalem #MGP Ingredients

MGP Ingredients, Inc. Investors Can Lead Fraud Class Action Lawsuit

The Law Offices of Howard G. Smith has announced an invitation for investors who have suffered significant losses from their investments in MGP Ingredients, Inc. to lead a securities fraud class action lawsuit against the company, listed under the ticker symbol MGPI on NASDAQ. This presents a vital opportunity for those affected during the class period from May 4, 2023, to October 30, 2024.

Key Details

The deadline to act as a lead plaintiff in this lawsuit is approaching on February 14, 2025. Investors are encouraged to reach out to the Law Offices of Howard G. Smith via phone or email to learn more about their rights in this ongoing case. The firm emphasizes that participation in the class action requires no immediate action from investors. They can choose to hire their own legal counsel or remain an absent member while awaiting the lawsuit's outcome.

Allegations Against MGP Ingredients

The lawsuit arises from allegations that throughout the specified class period, MGP Ingredients' executives failed to inform their investors about crucial operational challenges. Specifically, they did not disclose a slowdown in product consumption and an excess supply of their offerings. As a result, the positive statements made by the company's management regarding their business performance and future prospects were misleading and lacked substantial grounding, leaving shareholders blindsided.

All affected investors should consider evaluating their financial position relative to their MGP investments during the class period as they deliberate joining the class action. To facilitate this, Howard G. Smith, Esquire, emphasizes open communication and offers potential plaintiffs various methods to engage with the firm for further assistance.

How to Get Involved

Contact Information

If you are an investor who has suffered losses in MGP Ingredients, act now to discuss your options. You can contact the Law Offices of Howard G. Smith at:

• - Phone: 215-638-4847
• - Email: info@howardsmithlaw.com
• - Office Address: 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020

The firm urges investors to visit their official website for additional resources and detailed information about the lawsuit process.

Legal Considerations

It is important to note that this press release may be interpreted as attorney advertising in certain jurisdictions, per applicable laws and ethical guidelines. The Law Offices of Howard G. Smith are dedicated to providing advocacy and support for investors who have faced adversity in the market due to deceptive practices.

As this situation develops, the legal landscape around MGP Ingredients and the unfolding lawsuit remains dynamic. Investors must stay informed and proactive as they navigate this significant opportunity. Through collective action, affected investors can seek justice and potential compensation for their losses, ensuring their voices are heard in the ongoing fight against corporate fraud.