An investigation on behalf of investors in MGP Ingredients, Inc. (NASDAQ: MGPI) shares over potential wrongdoing at MGP Ingredients, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/03/2020 -- Certain directors of MGP Ingredients, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of MGP Ingredients, Inc. (NASDAQ: MGPI) and currently hold any of those NASDAQ: MGPI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain MGP Ingredients, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Atchison, KS based MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. On January 17, 2020, MGP Ingredients, Inc announced that it expects to miss previously forecasted sales and earnings guidance. Just on last quarter's conference call, the Company's CEO stated when referring to full-year results, "so we feel very good about that outlook. And that's why we're so confident in our ability to reconfirm our guidance."
Those who purchased shares of MGP Ingredients, Inc. (NASDAQ: MGPI), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.