The Gross Law Firm Announces Class Actions on Behalf of Shareholders of WWE, MGPI and ALGN

NEW YORK, NY / ACCESSWIRE / March 27, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

World Wrestling Entertainment, Inc. (NYSE:WWE)

Investors Affected : February 7, 2019 – February 5, 2020

A class action has commenced on behalf of certain shareholders in World Wrestling Entertainment, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: Defendants perpetrated a fraudulent scheme which: (i) deceived the investing public regarding WWE's business and prospects; (ii) artificially inflated the price of WWE Class A common stock; (iii) permitted certain senior executives of WWE to sell more than $282 million worth of their personally held shares at fraud inflated prices; and (iv) caused the public to purchase WWE Class A common stock at artificially inflated prices.

Shareholders may find more information at https://securitiesclasslaw.com/securities/world-wrestling-entertainment-inc-loss-submission-form/?id=5834&from=1

MGP Ingredients, Inc. (NASDAQ:MGPI)

Investors Affected : February 27, 2019 – February 25, 2020

A class action has commenced on behalf of certain shareholders in MGP Ingredients, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) MGP had not completed any significant sales of its four-year-old aged whiskey inventory; (b) the Company had been unable to sell its aged whiskey at the price premium represented to investors; (c) a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company's aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms; and (d) in light of the foregoing, the Company's FY19 financial forecast lacked a reasonable basis and was materially misleading.

Shareholders may find more information at https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form/?id=5834&from=1

Align Technology, Inc. (NASDAQ:ALGN)

Investors Affected : April 24, 2019 – July 24, 2019

A class action has commenced on behalf of certain shareholders in Align Technology, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Align was then experiencing a significant decline in demand for its products in the important Chinese market; (b) Chinese consumer sentiment towards the Company was deteriorating; and (c) as a result of the foregoing, Defendants' positive statements about Align and its businesses were lacking in a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/align-technology-inc-loss-submission-form/?id=5834&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

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