NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) between May 4, 2023 and October 30, 2024. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025. SO WHAT: If you purchased MGPI common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI’s business, operations, and prospects. Specifically, 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. Worse, defendants had assured investors that they were positioned differently than their competitors, and that this was a non-issue, because MGPI had already taken steps to mitigate the risk, when in fact it had not. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
Monty Rakusen Summary I gave a buy rating to Similarweb ( NYSE: SMWB ) in July, with my key thesis being that the business has a strong competitive advantage against peers, stemmed from its ability to source and synthesize data alongside its Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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WASHINGTON (AP) — When President Joe Biden visited Angola last week, one of the highlights was his pledge of hundreds of millions of dollars for an ambitious trans-Africa rail project that would bring copper and cobalt from central Africa to the Atlantic port of Lobito. The project is possible because of the commitment of a $553 million direct loan from the U.S. International Development Finance Corporation, created in 2019 during the first Trump administration to counter China’s expansion of its global reach through infrastructure projects, such as the mega-port in Chancay , Peru, inaugurated just last month. On Monday, the U.S. agency celebrated its five-year milestone by vowing to advance U.S. foreign policy and strategic interests through projects around the world such as the one in Angola. It also seeks re-authorization from Congress and a greater ability to invest in more countries when there’s a strategic need to compete with China. “We need to be good partners while offering an alternative based on our values,” said Scott Nathan, the chief executive officer of the development agency, who was in Angola last week with the president. “Quite simply, we need to continue to show up.” RELATED COVERAGE Tulsi Gabbard, Trump’s pick for intel chief, faces questions on Capitol Hill amid Syria fallout Trump promises to end birthright citizenship: What is it and could he do it? Biden creates Native American boarding school national monument to mark era of forced assimilation Nathan is set to leave the post. President-elect Donald Trump is yet to name his pick to lead the agency. Over its first five years, the agency has developed a portfolio of more than $50 billion in 114 countries, including solar panel manufacturing in India, a power plant in Sierra Leone, and digital infrastructure in South America. To do that, the agency has leveraged government funding to partner with private investments. In the last fiscal year, the agency committed to $12 billion in new transactions, using the roughly $800 million in appropriations, Nathan said. Investments by the agency are having a “transformational impact on economic development while concretely advancing U.S. strategic interests,” Nathan said. In Angola, for example, the rail project would help secure the supply chain by cutting both time and cost in transporting critical minerals. National security adviser Jake Sullivan said the agency was created when the U.S. was “ceding the field” to China in a new era of geopolitics. The U.S. needed a vision “calibrated to new geopolitical realities” and that matched ”the scope of the transformational challenges we faced.” It was in 2013 when Beijing launched the massive Belt and Road Initiative to gain markets and influence around the world by building roads, railways, power plants, transmission lines and ports, usually in less-developed regions. A recent report by the U.S. Government Accountability Office said China provided $679 billion for international infrastructure projects such as those in transportation and energy between 2013 and 2021, compared with the $76 billion the U.S. provided in the same period. Western politicians have criticized these Beijing-backed projects for creating debt traps, but Beijing argues that they have brought tangible and much-needed economic benefits to the host countries. In 2018, Congress passed a bipartisan bill that created the U.S. development agency, aimed at bringing private investments into low- and middle-income countries through tools such as equity investment, loan guarantee and political risk insurance. On Monday, Secretary of State Antony Blinken praised the agency for “reimagining how the U.S. does development” and said, through its work, the U.S. has “shown countries that they don’t have to resort to projects that are poorly built, environmentally destructive, that import or abuse workers, that foster corruption or burden countries with unsustainable debt.” “We really are the partner of choice,” Blinken said. As challenges lie ahead, Blinken said the agency needs to do even more and in more countries than before.Nostalgia on the menu: Sydney’s famed fish market serving up its last Christmas catch