MGP Ingredients, Inc. (MGPI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MGP Ingredients, Inc. (“MGP Ingredients” or “the Company”) (NASDAQ: MGPI). Investors who purchased MGP Ingredients securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether MGP Ingredients has violated federal securities laws.
Investigation Details
On October 17, 2024, MGP announced that, for the third quarter ended September 30, 2024, as compared to the third quarter of 2023, “[s]ales are expected to decline 24%,” “[a]djusted net income is expected to decline 5%,” and “[a]djusted EBITDA is expected to decline 9%.” The Company also announced that it “now expects financial results to be below the expectations confirmed during its second quarter conference call held on August 1, 2024.” On this news, MGP’s stock price fell $19.71 per share, or 24.16%, to close at $61.86 per share on October 18, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased MGP Ingredients securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]