NEW YORK, Oct. 19, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, is continuing its investigation into potential securities claims on behalf of shareholders of MGP Ingredients, Inc. MGPI based on allegations that MGP may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased MGP Securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.

WHAT IS THIS ABOUT: On October 12, 2022, market research firm Spruce Point Management published a report on issues with MGP. The relevant part of the Spruce Point report states that contrary to what was reported, MGP’s merger with a branded spirits company did not result in an immediate cash gain but instead cost MGP money, prompting MGP to reduce the price of its branded spirits by 5-50% to clear inventory.

As a result of this news, MGP stock prices fell $5.50, or approximately 5.42%, to close at $95.97 per share on October 12, 2022.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these firms do not conduct securities class action lawsuits. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever settlement of a securities class action lawsuit against a Chinese company. The Rosen law firm was…