Grant & Eisenhofer Files Class Action Lawsuit Against MGP Ingredients, Inc. on Behalf of Pension Fund
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A class action lawsuit has been filed against MGP Ingredients, Inc. by the Operating Engineers Construction Industry Miscellaneous Pension Fund. The lawsuit alleges that MGP Ingredients and its executives issued false and misleading statements about the company's business and financial results, particularly concerning the sale of hard spirits and overstocking products.
December 17, 2024 | 2:30 am
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MGP Ingredients is facing a class action lawsuit alleging that the company and its executives issued false and misleading statements about its business and financial results, particularly in relation to hard spirits sales and product overstocking.
The lawsuit could negatively impact investor confidence in MGP Ingredients, potentially leading to a short-term decline in stock price. Legal issues often create uncertainty, which can result in stock price volatility.
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