MGP INGREDIENTS INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates MGP Ingredients, Inc.’s Directors and Officers for Breach of Fiduciary Duties – MGPI

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of MGP Ingredients, Inc. (“MGP Ingredients”) (NASDAQ: MGPI) breached their fiduciary duties to MGP Ingredients and its shareholders.

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Scott+Scott is investigating whether members of MGP Ingredients’ board of directors (the “Board”) made, or caused MGP Ingredients to make, false and/or misleading statements, as well as failed to disclose material adverse facts, about MGP Ingredients’ business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information, including whether: (1) there had been a slowdown in consumption and oversupply in MGP Ingredients’ products; (2) MGP Ingredients was not in fact positioned differently than its competition and had not taken steps to mitigate its risk; and (3) as a result, statements about MGP Ingredients’ business, operations, and prospects lacked a reasonable basis.

Between October 17, 2024 and October 31, 2024, MGP Ingredients made statements to the public disclosing the above information. On this news, the stock price fell nearly 50%.

What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER

If you own shares of MGP Ingredients, you may have legal claims against MGP Ingredients’ directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at [phone] or [e-mail].

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