ATLANTA, GA – – (Globe Newswire – December 19, 2024) – – A shareholder class action lawsuit has been filed against MGP Ingredients, Inc. (“MGP Ingredients,” “MGPI,” or the “Company”) (NASDAQ: MGPI). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about MGPI’s business, operations, and prospects, including allegations that: Defendants repeatedly touted a strong demand and “normal” inventory levels in brown goods (i.e., American whiskies and tequila), when in fact there had been a slowdown in consumption and oversupply in their products.

If you bought shares of MGP Ingredients between May 4, 2023 and October 30, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/mgp-ingredients/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is February 14, 2025.