Lead Plaintiff Deadline is Approaching - Act Now

MGP Ingredients Inc® Class Action

Operating Engineers Construction Industry Miscellaneous Pension Fund v. MGP Ingredients, Inc. et al.

MGP Ingredients Inc

NASDAQ: MGPI

Class Period : 05/04/2023 - 10/30/2024

Lead Plaintiff Motion Deadline: 2/14/2025

Alleged Misstatements and Omissions
The lawsuit against MGP Ingredients alleges that the company misrepresented critical aspects of its business, including:

  • False Demand Claims: Leadership repeatedly promoted "strong demand" and "normal" inventory levels for its brown goods (e.g., American whiskies and tequila) despite slowing consumption and oversupply issues.
  • Positioning Misrepresentation: The company claimed it was better positioned than competitors and had implemented measures to mitigate risks, which, in reality, it had not done.

These misleading statements painted an inaccurate picture of MGP's market health, concealing declining demand and excess inventory challenges.

Effects on Stock Prices
The truth began to emerge through two significant disclosures:

  • October 17, 2024: MGP announced a 14% decline in sales for Q3 2024 due to "soft alcohol spirits trends" and "elevated industry-wide whiskey inventories." Following this announcement, MGP's stock price plummeted by $24.07 per share, or nearly 30%, to close at $57.50 over three trading days.
  • October 31, 2024: The company disclosed further challenges, including cutting whiskey production and adjusting costs. This caused an additional $8.27 per share drop, or nearly 15%, to $49.04 by the end of the day.

These revelations highlighted risks the company had downplayed, leading to significant financial losses for shareholders.

Legal Rights for Affected Shareholders
Shareholders who purchased MGP stock during the Class Period may be entitled to recover their losses. The lawsuit alleges that MGP violated securities laws by issuing false and misleading statements about its business and market position.

Joining the class action allows shareholders to:

  • Seek compensation for financial losses tied to MGP stock.
  • Hold the company accountable for its alleged misstatements.
  • Promote greater transparency and fairness in financial reporting.

You may qualify to join the case if you purchased MGP shares and suffered losses.

Take Action Today
Protect your rights by acting promptly. Contact experienced securities fraud attorneys to explore your options and ensure your claim is filed before legal deadlines.

By joining the MGP shareholder class action, you stand alongside other investors to demand accountability and seek fair compensation. Time is critical—don't delay in taking the first step to safeguard your legal rights.

iStock-14

Contact DiCello Levitt Today To Explore Your Legal Options

DiCello Levitt, known for its success in protecting shareholder rights, actively seeks justice for those affected by MGP Ingredients, Inc.®'s alleged misconduct.

If you held MGP Ingredients, Inc.® stock during the class period and believe you suffered losses due to these alleged misrepresentations, you may be eligible to participate in this class action lawsuit.

Contact DiCello Levitt today to explore your legal options and understand how to join this critical effort to seek accountability and potential recovery for your investment losses. Our team is dedicated to advocating for shareholder interests and can provide you with the guidance and support needed during this process.

Take action now to protect your rights as an investor and learn more about this significant legal opportunity.

All victims affected by MGP Ingredients, Inc.® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

ASML Holdings® Class Action

City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V. et al.

ASML Holding N.V.

NASDAQ: ASML

Class Period : 01/24/2024 - 10/15/2024

Lead Plaintiff Motion Deadline: 1/13/2025

Alleged Misstatements and Omissions
The lawsuit against MGP Ingredients alleges that the company misrepresented critical aspects of its business, including:

  • False Demand Claims: Leadership repeatedly promoted "strong demand" and "normal" inventory levels for its brown goods (e.g., American whiskies and tequila) despite slowing consumption and oversupply issues.
  • Positioning Misrepresentation: The company claimed it was better positioned than competitors and had implemented measures to mitigate risks, which, in reality, it had not done.

These misleading statements painted an inaccurate picture of MGP's market health, concealing declining demand and excess inventory challenges.

Effects on Stock Prices
The truth began to emerge through two significant disclosures:

  • October 17, 2024: MGP announced a 14% decline in sales for Q3 2024 due to "soft alcohol spirits trends" and "elevated industry-wide whiskey inventories." Following this announcement, MGP's stock price plummeted by $24.07 per share, or nearly 30%, to close at $57.50 over three trading days.
  • October 31, 2024: The company disclosed further challenges, including cutting whiskey production and adjusting costs. This caused an additional $8.27 per share drop, or nearly 15%, to $49.04 by the end of the day.

These revelations highlighted risks the company had downplayed, leading to significant financial losses for shareholders.

Legal Rights for Affected Shareholders
Shareholders who purchased MGP stock during the Class Period may be entitled to recover their losses. The lawsuit alleges that MGP violated securities laws by issuing false and misleading statements about its business and market position.

Joining the class action allows shareholders to:

  • Seek compensation for financial losses tied to MGP stock.
  • Hold the company accountable for its alleged misstatements.
  • Promote greater transparency and fairness in financial reporting.

You may qualify to join the case if you purchased MGP shares and suffered losses.

Take Action Today
Protect your rights by acting promptly. Contact experienced securities fraud attorneys to explore your options and ensure your claim is filed before legal deadlines.

By joining the MGP shareholder class action, you stand alongside other investors to demand accountability and seek fair compensation. Time is critical—don't delay in taking the first step to safeguard your legal rights.

iStock-14

Contact DiCello Levitt Today To Explore Your Legal Options

DiCello Levitt, known for its success in protecting shareholder rights, actively seeks justice for those affected by MGP Ingredients, Inc.®'s alleged misconduct.

If you held MGP Ingredients, Inc.® stock during the class period and believe you suffered losses due to these alleged misrepresentations, you may be eligible to participate in this class action lawsuit.

Contact DiCello Levitt today to explore your legal options and understand how to join this critical effort to seek accountability and potential recovery for your investment losses. Our team is dedicated to advocating for shareholder interests and can provide you with the guidance and support needed during this process.

Take action now to protect your rights as an investor and learn more about this significant legal opportunity.

All victims affected by MGP Ingredients, Inc.® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

100% Free & Secure Case Evaluations

Answer a few basic questions to get started

We'll ask specific questions to understand the situation, damage risk, and other vital information to help determine the next steps.

Receive a confidential evaluation

A qualified legal team led by a Financial Products Litigation attorney will consider the facts of your case.

MGP Ingredients, Inc.® Investors may have grounds to pursue legal action and financial recovery of damages.

This website offers general information only and is not legal or investment advice. This advertisement is not associated with any government agency.

www.stockfraudclaim.com is the property of Shield Legal LLC. 5170 Badura Ave Las Vegas, NV 89118

Participating law firm: DiCello Levitt LLP, 10 North Dearborn Street Sixth Floor Chicago, IL 60602. For additional terms, disclaimers, and conditions, please visit https://dicellolevitt.com/privacy-policy/

This website is not part of the Facebook website or Facebook, Inc., and it is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of Facebook, Inc.

ATTORNEY ADVERTISING. This Website does not provide investment, legal, or medical advice. Every case is evaluated on its facts and circumstances. Valuation depends on facts, injuries, jurisdiction, venue, witnesses, parties, and testimony, among other factors. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Stock Fraud Claim does not itself provide legal services. Cases will be referred to third-party attorneys and law firms.  Court costs and case expenses may be the responsibility of the client. Not available in all states. This advertisement is not intended as a testimonial, endorsement, or dramatization and does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter, either expressed or implied. Anyone considering a lawyer should independently investigate the lawyer's credentials and ability, and not rely upon advertisements or self-proclaimed expertise. Only persons age 18 or older have permission to access our Service. Our Service does not address anyone under 13 ("Children").

NO ATTORNEY-CLIENT RELATIONSHIP. Use of this website, including sending or receiving information through it, does not establish an attorney-client relationship, nor is any non-passworded information considered privileged or confidential. No class has been certified.  Until a case is filed and a class is certified, you are not represented by counsel unless you retain one.  You may select counsel of your choice.  An attorney-client relationship with DiCello Levitt is established only by an express written agreement signed by DiCello Levitt to represent you.

Attorney Advertising.  Prior results do not guarantee a similar outcome.

Privacy Policy | Terms and Conditions | CCPA Privacy Notice | Do Not Sell My Info

©2024 Stock Fraud Claim. All Rights Reserved