NASDAQ: MGPI

MGP Ingredients, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of MGP Ingredients, Inc. (NASDAQ: MGPI) resulting from allegations that MGP may have issued materially misleading business information to the investing public.

If you purchased MGP securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased MGP securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On October 12, 2022, market researcher Spruce Point Management published a report alleging issues with MGP. In relevant part, the Spruce Point report alleged that, contrary to representations, MGP’s merger with a branded spirits company did not result in immediate cash accretion, but instead is losing MGP money, causing MGP to mark down the price of their branded spirits by 5-50% to clear inventory.

On this news, MGP share prices dropped by $3.99, or approximately 3.9%, to open on October 12, 2022 at $97.48 per share.

 

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Company Name: MGP Ingredients, Inc.
Stock Symbol: MGPI
Class Period: N/A
Court: N/A
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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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