New York, New York–(Newsfile Corp. – December 24, 2024) – Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit for all purchasers of the common stock of Components of MGP Inc. (NASDAQ: NASDAQ:) between May 4, 2023 and October 30, 2024. A class action lawsuit has been filed. If you want to serve as lead plaintiff, you must move the Court no later than February 14, 2025.

So what: If you purchased MGPI common stock during the Class Period you may be entitled to compensation free of any out-of-pocket fees or expenses through a contingency fee arrangement.

What to do next: To join the 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 [email protected] for class action information. A class action lawsuit has been filed. If you wish to serve as the lead plaintiff, you must move the Court no later than February 14, 2025. The lead plaintiff is a representative party acting on behalf of other class members in the management of the litigation.

Why Rosen Law: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, the companies issuing the notices don’t have the same experience, resources, or any meaningful peer recognition. Be wise in choosing advice. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm achieved the largest securities class action settlement against a Chinese Company at that time. The Rosen Law Firm is ranked No. 1 in the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the company earned over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, the defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose materially adverse facts about MGPI’s business, operations, and prospects. In particular, the defendants repeatedly stated a strong demand and “normal” inventory levels of brown goods (ie, American whiskey and tequila), when in fact there was a slowdown in consumption and oversupply of their products. Worse, the defendants assured investors that they were in a different position than their competitors, and that this was a non-issue, because MGPI had already taken steps to mitigate the risk, when in fact it had not. When the true details entered the market, the lawsuit claimed that investors suffered damages.

To join the 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 [email protected] for class action information.

No Class Verified. Until a class is certified, you will not be represented by counsel unless you hold one. You can choose the advice you want. You can also stay out of class and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as the lead plaintiff.

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