SAN DIEGO, Jan. 17, 2020 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP, is investigating potential
claims against MGP Ingredients, Inc. ("MGP or the "Company")
(NASDAQ: MGPI) for violations of federal securities laws.
On January 17, 2020,
MGP 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."
Following this news, MGP stock was trading down over 27% in
early morning trading.
If you are interested in learning more about the
investigation, please contact lead analyst
Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future
outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP