Simpson Thacher Secures Complete Dismissal of Securities Class Action Against MGPI
On March 25, 2026, Simpson Thacher obtained a full dismissal, with prejudice, of a putative securities fraud class action brought against MGP Ingredients, Inc. (“MGPI”), a producer of distilled spirits and wheat ingredients, including bourbons, whiskeys, gins and industrial and fuel-grade alcohol, and its senior executives in the U.S. District Court for the District of Kansas. The plaintiffs alleged that MGPI misled investors about demand, inventory levels, customer commitments, and the company’s business outlook in violation of Section 10(b), Rule 10b‑5 and Section 20(a).
The Simpson Thacher team was led by Jon Youngwood and Janet Gochman.