#United States #New York #Class Action #Gross Law Firm #MGP Ingredients

Shareholder Notice: MGP Ingredients Class Action

Introduction

On January 16, 2025, The Gross Law Firm released a significant notice directed towards shareholders of MGP Ingredients, Inc. (NASDAQ: MGPI). This notification is particularly pertinent for those who acquired shares during a specified period and may be affected by ongoing legal proceedings.

Class Action Overview

The notification highlights a class action lawsuit that has been initiated against MGP Ingredients. Shareholders are urged to reach out to the law firm for information regarding potentially becoming a lead plaintiff. It's important to note that participation as a lead plaintiff is not mandatory to qualify for any recovery resulting from the lawsuit.

The Class Period and Allegations

The class period spans from May 4, 2023, until October 30, 2024. During this time, allegations have arisen that the company made materially false and misleading statements regarding its business operations. The suit claims that MGP Ingredients misrepresented the demand and inventory levels of their products, specifically American whiskies and tequila. The defendants purportedly assured investors about their market position, despite evidence pointing to a decline in consumer demand and an oversupply of products within the market.

Actions Required by Shareholders

The deadline to register for this class action is set for February 14, 2025. Interested shareholders should not procrastinate in registering through the provided links. Registration will include them in a monitoring program that updates them on the lawsuit's progress.

Why Choose Gross Law Firm?

The Gross Law Firm prides itself on being a nationally recognized entity committed to defending the rights of investors. Their mission focuses on safeguarding investor interests against fraudulent and unethical practices within the corporate arena. They aim to hold companies accountable for any misrepresentation that may negatively impact investor interests, asserting the importance of corporate responsibility.

Contact Information

Affected shareholders can reach out to The Gross Law Firm for further assistance or to register their interest in the class action lawsuit.

• - Firm Address: 15 West 38th Street, 12th floor, New York, NY 10018
• - Phone: (646) 453-8903
• - Email: contact@grosslawfirm.com

Conclusion

This legal notification serves as a crucial alert for MGP Ingredients shareholders who may have been misled by the company's prior statements. With a clearly outlined class action approach and deadlines, it's pivotal for investors to remain vigilant and proactive to protect their interests. By engaging with The Gross Law Firm, shareholders can ensure their voices are heard in the pursuit of justice against corporate misconduct.