The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MGP Ingredients, Inc. (“MGP” or “the Company”) (NASDAQ: MGPI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MGP is the subject of a report published by Spruce Point Management on October 12, 2022. According to the report, the Company’s merger with a branded spirits company did not result in the cash accretion that it had claimed would occur, instead, the Company is losing money, and is marking down the price of its branded spirits by significant amounts to clear inventory. Based on this news, shares of MGP fell by almost 4% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.