LOS
ANGELES, Jan. 2, 2025 /PRNewswire/ -- The DJS Law
Group reminds investors of a class action lawsuit against MGP
Ingredients, Inc. ("MGP" or "the Company") (NASDAQ: MGPI) for
violations of the federal securities laws.
Shareholders who bought the Company's securities between
May 4, 2023 to October 30, 2024, inclusive (the "Class Period"),
are encouraged to contact the DJS Law Group before February 14, 2025.
CASE DETAILS: According to the Complaint, MGP
allegedly made misleading statements when it revealed
a 14% decline in sales year-over-year on October 17, 2024, while also lowering its annual
guidance in a move described as "breathtaking" and a "material
surprise" by analysts. MGP also failed to disclose a slowdown in
consumption and an oversupply of its brown goods, including
American whiskies and tequila.
If you are a shareholder who suffered a loss, contact us to
participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is
to enhance investor return through balanced counseling and
aggressive advocacy. We specialize in securities class actions,
corporate governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mgp-ingredients-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--aplt-302341073.html
SOURCE DJS Law Group LLP