MGPI’s investors are investing in MGP Resources, Inc. They have the opportunity to file a securities fraud lawsuit against Investing.com.

NEW YORK, NY–( News File Corp. – December 24, 2024 ) – The Rosen Law Firm, a global investor rights law firm, announced that it has filed a class action lawsuit on behalf of all purchasers of its common stock. MGP resources Inc. (NASDAQ: NASDAQ: ) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you want to serve as lead plaintiff, you must move the court before February 14, 2025.

So what? If you purchase MGPI common stock during the Class Period, you may receive compensation through a contingent payment arrangement without paying any out-of-pocket fees or expenses.

What to do next To join an MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court before February 14, 2025. A lead plaintiff is a representative party who conducts litigation on behalf of other class members.

Why Rosen Law: We encourage investors to select a qualified advisor with a track record of success in a leadership role. Oftentimes, the organizations that issue the ads don’t have comparable experience, resources, or any meaningful peer recognition. Be wise when choosing advice. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder derivative litigation. The Rosen Law Firm settled the largest securities class action against a Chinese company at the time. Rosen Law Firm is rated Class 1 by ISS Securities. Action (WA:) Services in 2017 for the securities division of the action settlement number. The firm has been ranked in the top 4 every year since 2013 and has returned hundreds of millions of dollars to investors. In the year In 2019 alone, the company raised over $438 million for investors. In the year In 2020, founding partner Lawrence Rosen was named a Titan of the Plaintiffs Bar by Law360. Many of the firm’s lawyers are accredited by Laudragon and Super Lawyers.

Details of the caseAccording to the lawsuit, the class-action defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI’s business, operations and prospects. Specifically, the defendants cited strong demand and “normal” inventory levels for brown goods (ie, American whiskey and tequila) when in reality there was a slowdown in consumption and an oversupply of their products. Worse, Defendants asserted that investors were placed in a different position than their competitors, and that this was not the case, because MGPI had already taken steps to mitigate the risk, when in fact it had not. The lawsuit alleges investors were harmed when real listings entered the market.

To join an MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for class action information.

No class confirmed. Unless a class is confirmed, it will not be represented by advice unless you own one. You can choose the advice of your choice. You can also remain a member of a class you are not in and do nothing at this point. An investor’s ability to participate in any future recovery is not dependent on serving as a lead plaintiff.

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Notice of attorney. Previous results do not guarantee the same result.

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To view the source of this press release, please visit https://www.newsfilecorp.com/release/235087.