Philadelphia, Pennsylvania--(Newsfile Corp. - November 7, 2024) - Grabar Law Office is investigating potential breaches of fiduciary duty by certain officers of Methode Electronics, Inc. (NYSE: MEI). If you have continuously held Methode stock since before June 23, 2022, you may have the opportunity to seek corporate reforms, a return of funds to the company, and potentially receive a court-approved incentive award at no cost to you. Visit https://grabarlaw.com/the-latest/methode-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call 267-507-6085.
What's at Stake?
A recent securities fraud class action filed against Methode Electronics alleges that company leadership may have misled investors by failing to disclose critical information about:
- Employee turnover and skill loss during the COVID-19 pandemic, which reportedly hindered Methode's transition to a new production model.
- Significant production and logistical challenges at its Monterrey facility, impacting its ability to meet goals in the electric vehicle (EV) market.
- Substantial delays in launching new EV programs, leading to missed revenue opportunities.
- Unachievable financial targets for 2023, including earnings-per-share and long-term sales growth rates, due to these undisclosed issues.
What You Can Do:
If you are a long-term shareholder who has held Methode Electronics shares since prior to June 23, 2022, visit https://grabarlaw.com/the-latest/methode-shareholder-investigation/ for more information or to join this action. This investigation could lead to corporate accountability measures and financial recovery for the company and affected shareholders.
For direct inquiries, contact Joshua H. Grabar at jgrabar@grabarlaw.com or call 267-507-6085.
Take action to protect your investment today!
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229216
