MGP Ingredients, Inc. Class Action Lawsuit - MGPI

Company
MGP Ingredients, Inc. (NASDAQ: MGPI)
Lead Plaintiff Deadline
April 28, 2020 (Expired)
Class Period
August 2, 2018 - February 25, 2020

Expired

Lead Plaintiff Deadline

Apr 28, 2020

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Allegations

(a) MGP had not completed any significant sales of its four-year-old aged whiskey inventory; (b) the Company had been unable to sell its aged whiskey at the price premium represented to investors; (c) a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company’s aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms; and (d) in light of the foregoing, the Company’s FY19 financial forecast lacked a reasonable basis and was materially misleading.

Eligibility

In order to be eligible to join the MGPI class action lawsuit, you must have incurred a loss on shares of MGP purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in MGP during the relevant time frame or pursuant to the relevant offering(s), you have until April 28, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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