INVESTIGATION ALERT: Schall Law Firm Announces It is Investigating Claims Against MGP Ingredients, Inc. and Encourages Investors Who Have Suffered Losses to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of MGP Ingredients, Inc. (“MGP” or “the Company”) ) (NASDAQ: MGPI) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. MGP is the subject of a report published by Spruce Point Management on October 12, 2022. According to the report, the company’s merger with a branded spirits company did not result in the increase in cash that it had claimed happen, instead the company is losing money and dramatically reducing the price of its branded spirits to liquidate inventory. Based on this news, MGP shares fell nearly 4% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.

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