MGP Ingredients Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | MGP Ingredients Inc |
Stock Symbol : | NASDAQ: MGPI |
Class Period Start: | 02/27/2019 |
Class Period End: | 02/25/2020 |
Lead Plaintiff motion: | 04/28/2020 |
Date Filed: | 02/28/2020 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of Kansas |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the April 28, 2020 lead plaintiff deadline in a class action lawsuit filed against MGP Ingredients, Inc. (NASDAQ: MGPI) (“MGP” or “the Company”). The suit is pending in the U.S. District Court for the District of Kansas and investors, who purchased MGP Ingredients Inc securities between February 27, 2019 and February 25, 2020, have until April 28, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased MGP Ingredients Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that MGP had not completed any significant sales of its four-year-old aged-whiskey inventory; the Company had been unable to sell its aged whiskey at the price premium represented to investors; 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; in light of the foregoing, the Company’s fiscal year 2019 financial forecast lacked a reasonable basis and was materially misleading; and as a result of the foregoing, the defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you were negatively impacted by your investment in MGP Ingredients Inc securities between February 27, 2019 and February 25, 2020 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |