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Investigation announced for NASDAQ: MGPI Investors over potential Wrongdoing at MGP Ingredients, Inc.

01-29-2020 08:27 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation on behalf of investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares over potential wrongdoing.

An investigation on behalf of investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares over potential wrongdoing.

Certain directors of MGP Ingredients, Inc are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of MGP Ingredients, Inc. (NASDAQ: MGPI) and currently hold any of those NASDAQ: MGPI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain MGP Ingredients, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Atchison, KS based MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. On January 17, 2020, MGP Ingredients, Inc announced that it expects to miss previously forecasted sales and earnings guidance. Just on last quarter's conference call, the Company's CEO stated when referring to full-year results, "so we feel very good about that outlook. And that's why we're so confident in our ability to reconfirm our guidance."

Shares of MGP Ingredients, Inc. (NASDAQ: MGPI) declined from $53.33 per share on January 16, 2020 to as low as $36.14 per share on January 17, 2020.

Those who purchased shares of MGP Ingredients, Inc. (NASDAQ: MGPI), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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