New York, New York–(Newsfile Corp. – December 21, 2024)– Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of Rosen Law Firm common stock. MGB components ,Inc. (NASDAQ: NASDAQ:) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than February 14, 2025.
so what: If you purchase MGPI common stock during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than February 14, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI's business, operations, and future prospects. Specifically, the defendants repeatedly touted strong demand and “normal” inventory levels in brown goods (e.g., American whiskey and tequila), when in fact there was a slowdown in consumption and oversupply of their products. Worse still, the defendants assured investors that they were in a different position than their competitors, and that this was not a problem because MGPI had already taken steps to mitigate the risks, when in fact it had not done so. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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