MGP INGREDIENTS ALERT

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against MGP Ingredients, Inc. and Encourages Investors to Contact the Firm - Seite 2

On this news, the price of MGP stock declined 11% to close at $28.42 per share on February 26, 2020, which represented a 67% price decline from the stock’s Class Period high of $88.06 per share.

The complaint, filed on February 28, 2020, alleges that during the Class Period defendants made false and misleading statements and/or failed to disclose adverse information concerning MGP’s business and financial condition. Specifically, defendants failed to disclose that MGP had not completed any significant sales of its aged whiskey inventory, the Company had been unable to sell its aged whiskey at the price premium represented to investors, a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company’s aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms, and as a consequence, defendants’ full-year 2019 financial guidance lacked a reasonable basis and was materially misleading. As a result of this information being withheld from the market, the price of MGP common stock was artificially inflated to a high of more than $88 per share during the Class Period.

If you purchased MGP securities during the Class Period, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at [e-mail], telephone at [phone], or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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