2 law firms file securities class action lawsuit against Methode Electronics over alleged misrepresentations concerning financial issues, leading to stock price decline.
Law firms Bernstein Liebhard LLP and Rosen Law Firm have filed a securities class action lawsuit against Methode Electronics, Inc. (NYSE: MEI) on behalf of investors who purchased company stock between June 23, 2022, and March 6, 2024. The lawsuit accuses Methode of misrepresentations concerning issues at its Monterrey facility and efforts to transition away from the General Motors center console program, leading to financial guidance revisions and significant stock price declines. Investors who meet the criteria can discuss their legal rights with Corey D. Holzer at Holzer & Holzer, LLC, and the deadline to apply for lead plaintiff is October 25, 2024.
August 27, 2024
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