Investigation announced for Long-Term Investors who hold shares of MGP Ingredients, Inc. (NASDAQ: MGPI) over potential Wrongdoing

An investigation was announced for current long-term investors in shares of MGP Ingredients, Inc. (NASDAQ: MGPI) concerning potential breaches of fiduciary duties by certain directors of MGP Ingredients, Inc.

Investors who are current long term investors in MGP Ingredients, Inc. (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 for current long term investors in NASDAQ: MGPI stocks follows a lawsuit filed against MGP Ingredients, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MGPI stocks, concerns whether certain MGP Ingredients, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants repeatedly touted a strong demand and "normal" inventory levels in brown goods (i.e., American whiskies and tequila), when in fact there had been a slowdown in consumption and oversupply in their products, and that between May 4, 2023 and October 30, 2024 investors acquired shares of MGPI common stock at artificially inflated prices due to Defendants' allegedly false and misleading statements.

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

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 lawsuits, 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.

This release was published on openPR.