Rosen Law Firm Encourages MGP Ingredients, Inc. Investors to Act Before Class Action Deadline

New York, New York--(December 23, 2024) - INTRODUCTION: The Rosen Law Firm, a renowned global legal firm focusing on investor rights, has filed a class action lawsuit on behalf of individuals who purchased common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) during the period from May 4, 2023, to October 30, 2024. As a result of this lawsuit, investors are encouraged to secure legal counsel before the important deadline. The deadline to move the court is February 14, 2025.

IMPORTANCE OF THIS ACTION: Investors who purchased MGPI common stock during this specified time frame may be eligible for compensation without incurring any out-of-pocket expenses, thanks to a contingency fee structure. This allows investors to pursue their claims without the immediate financial burden.

NEXT STEPS: For those interested in joining the class action lawsuit against MGP Ingredients, you can visit this link, call attorney Phillip Kim, Esq. at 866-767-3653, or email [email protected] for more information regarding the case. It is important to note that to act as a lead plaintiff within the case, individuals must submit their applications to the Court by the February 2025 deadline. A lead plaintiff represents the interests of other class members during the litigation process.

WHY CHOOSE ROSEN LAW FIRM: It is crucial for investors to select legal counsel with proven success in handling cases of this nature. The Rosen Law Firm stands out as a reputable firm with extensive experience in securities class actions. The firm has a history of securing significant settlements for investors, including a record-breaking settlement against a Chinese Company. Additionally, Rosen Law Firm was recognized as the top firm for securities class action settlements in 2017 and has consistently ranked in the top four firms since 2013, recovering hundreds of millions of dollars for its clients. In 2019 alone, the firm obtained over $438 million for investors.

CASE DETAILS: According to the allegations in the lawsuit, the defendants made false and misleading statements during the class period, failing to disclose serious issues concerning MGPI's business operations and future prospects. Specifically, the lawsuit claims that company representatives consistently asserted strong demand and normal inventory levels for their brown goods, such as American whiskies and tequila. However, the reality was a decline in consumption and an oversupply of their products. The defendants also misled investors about MGPI's preparedness for these challenges, falsely assuring them that risks had been mitigated when they had not been.

For those looking to join the MGPI class action, further information is available through the previously mentioned link, at 866-767-3653, or by emailing [email protected].

NOTE: A class has yet to be certified, meaning investors are not automatically represented unless they choose to retain counsel. Investors also have the option to remain anonymous and choose not to participate at this stage. Furthermore, participation as a lead plaintiff is not a requirement for sharing in any potential future recovery.

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DISCLAIMER: This announcement is considered attorney advertising and past results do not guarantee a similar outcome.

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