RADNOR, Pennsylvania, Dec. 22, 2024 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has notified investors that a securities class action lawsuit has been filed in the U.S. District Court for the Southern District of New York. against MGB components (NASDAQ:) (NASDAQ: MGPI) on behalf of those who purchased or otherwise acquired shares of MGPI common stock between May 4, 2023 and October 30, 2024, inclusive (the Class Period). The lead plaintiff deadline is February 14, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you experience MGPI losses, You could Click here Or copy and paste this link into your browser: https://www.ktmc.com/new-cases/mgp-ingredients-inc?utm_source=PR&utm_medium=link&utm_campaign=mgpi&mktm=r
You can also contact a lawyer Jonathan Nagy, Esq. By calling (484) 270-1453 or by email at info@ktmc.com.
The Defendants' Alleged Misconduct:
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and future prospects. Specifically, Defendants failed to disclose to investors that: (1) there was a slowdown in consumption and oversupply of their products; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Lead Plaintiff Process:
MGPI investors can, No later than February 14, 2025, It seeks to be appointed as lead plaintiff for the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and remain an absent member of the class. A lead plaintiff is a representative party acting on behalf of all class members in directing the lawsuit. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also considered appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or the class. Your ability to participate in any recovery is not affected by the decision of whether or not to serve as lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages MGPI investors who have incurred significant losses to contact the firm directly for further information.
Click here To register in the case Or go to: https://www.ktmc.com/new-cases/mgp-ingredients-inc?utm_source=PR&utm_medium=link&utm_campaign=mgpi&mktm=r
About Kessler Topaz Meltzer & Czech LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts across the country and around the world. The company has earned a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by corporations and credit institutions. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Czech, LLP, please visit www.ktmc.com.
communication:
Kessler Topaz Meltzer & Czech, LLP
Jonathan Nagy, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, Pennsylvania 19087
info@ktmc.com
It may be considered an attorney's advertisement in some jurisdictions. Past results do not guarantee future results.
