MGP Ingredients Requests to Dismiss Class Action Filed by Investors

Court: D. Kansas

Case: 2:25-cv-02153

MGP Ingredients has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On October 17, 2024, MGP revealed weaker-than-expected sales, admitting that elevated inventory levels and soft demand were impacting performance.

Following this, MGPI dropped by nearly 50% over two weeks.

Then, on December 16, 2024, shareholders filed a claim against MGP Ingredients.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify MGPI investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.Preguntar a ChatGPT