New York, New York–(Newsfile Corp. – December 21, 2024)- BECAUSE: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of common stock of pop ingredients Inc. (NASDAQ: NASDAQ:) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file with the Court no later than February 14, 2025.
SO WHAT: If you purchased shares of MGPI common stock during the Class Period, you may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. Toll-free at 866-767-3653 or email case @rosenlegal.com for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file with the Court no later than February 14, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSENADA LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources or any significant recognition from their peers. Rosen Law Firm represents investors throughout the world and concentrates its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at that time. Rosen Law Firm Ranked No. 1 by ISS Securities Class Action (WA:) Services for several securities class action settlements in 2017. The company has ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company earned more than $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs’ College. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI’s business, operations, and prospects. Specifically, the defendants repeatedly boasted of strong demand and “normal” inventory levels for brown products (i.e., American whiskeys and tequilas), when in reality there had been a slowdown in consumption and an oversupply of their products. . Worse still, the defendants had assured investors that they were in a different position than their competitors, and that this was not a problem, because MGPI had already taken steps to mitigate the risk, when in fact it had not. When the true details hit the market, the lawsuit claims investors suffered damages.
To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. Toll-free at 866-767-3653 or email case @rosenlegal.com for information about the class action lawsuit.
No classes have been certified. Until a class is certified, you will not be represented by an attorney unless you hire one. You can select the lawyer of your choice. You can also remain an absent party member and do nothing at this time. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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