Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 28, 2020 to file lead plaintiff applications in securities class action lawsuits against MGP Ingredients, Inc. MGPI, if they purchased the Company's shares between August 2, 2018 and February 25, 2020, inclusive (the "Class Period"). These actions are pending in the United States District Court for the District of Kansas.
What You May Do
If you purchased shares of MGP and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-mgpi/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 28, 2020.
About the Lawsuit
MGP and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 26, 2020, the Company announced its finalized full-year 2019 financial results, confirming its previously announced preliminary results, including that it had fallen "significantly short of . . . guidance" based its inability to sell aged whiskey during the 4Q2019 as well as a decline in year over year sales, and that it had failed to secure the contracts it had previously emphasized to investors.
On this news, the price of MGP's shares plummeted.
The case is Corbezzolo v. MGP Ingredients, Inc., et al., 20-cv-02090.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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