#United States #New York #Class Action #MGP Ingredients #LK LLP

Class Action Lawsuit Alert: MGP Ingredients, Inc.

On February 14, 2025, the law firm Levi & Korsinsky, LLP announced a class action lawsuit concerning MGP Ingredients, Inc. (NASDAQ: MGPI). This lawsuit is critical for investors who have suffered financial losses due to alleged securities fraud between May 4, 2023, and October 30, 2024.

Background on the Lawsuit

The class action aims to address claims from shareholders who believe their investments in MGP Ingredients were negatively impacted by inaccurate statements made by the company's executives. According to the complaint, during the class period, MGP's leaders misrepresented the strength of product demand and failed to disclose an oversupply situation. It was claimed that they assured investors of normal inventory levels and dismissed concerns about a potential downturn in consumption within the whiskey and tequila markets. Contrary to their assertions, data indicated that consumer demand had slowed down considerably.

This misrepresentation of information has prompted investors to seek restitution for their losses. Such misleading activities fall under securities fraud, which can include the dissemination of false or incomplete information that may impact stock prices and investor decisions.

Important Dates and Actions

Investors intending to recover their losses have until February 14, 2025, to request that the court appoint them as lead plaintiffs. However, it is essential to note that participating in the lawsuit does not require an individual to serve as the lead plaintiff to share in any financial recovery.

Interested investors are encouraged to reach out to Joseph E. Levi, Esq. at the law firm for more details or to get assistance with the legal process. The firm has been actively representing aggrieved investors and has a history of success in similar cases. In fact, Levi & Korsinsky has achieved recoveries totaling hundreds of millions of dollars and has garnered recognition as one of the top securities litigation firms in the United States.

No Costs Involved

For class members involved in the lawsuit, there are no upfront costs associated with participating. Compensations are based on the outcome of the lawsuit, which means investors may be entitled to recover losses without any risk of additional fees or expenses.

Contact Information

Investors affected by these developments are urged to keep informed and consider taking action promptly. For further inquiries, Levi & Korsinsky, LLP can be contacted directly:

Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Telephone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com

By taking advantage of this opportunity, MGP Ingredients investors can secure their rights and potentially receive significant financial recovery as a result of this class action lawsuit.