NYSE: MEI Lawsuit ALERT: Investors Who Lost Money With Shares of Methode Electronics, Inc. (NYSE:MEI) Should Contact the Shareholders Foundation
SAN DIEGO, CA, September 4, 2024 (Newswire.com) - A lawsuit was filed for certain investors in Methode Electronics, Inc. (NYSE: MEI) shares. Investors in NYSE: MEI sharess should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554
The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Methode Electronics, Inc. (NYSE: MEI) shares.
Investors that purchased shares of Methode Electronics, Inc. (NYSE:MEI) have certain options and for certain investors are short and strict deadlines running. Deadline: October 25, 2024. NYSE: MEI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 26, 2024, a lawsuit was filed by an investor in NYSE: MEI shares against Methode Electronics, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Methode Electronics' attempts to replace its General Motors center console production with more diversified, specialized products for a wider array of vehicle manufacturers and OEMs, in particular in the electric vehicle ("EV") space, had been plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and, ultimately, botched execution of Methode Electronics' strategic plans, that Methode Electronics' manufacturing systems at its critical Monterrey facility suffered from a variety of logistical defects, such as improper system coding, shipping errors, erroneous delivery times, deficient quality control systems, and failures to timely and efficiently procure necessary raw materials, and that as a result, Methode Electronics was not on track to achieve the 2023 diluted earnings-per-share guidance or the 3-year 6% organic sales compound annual growth rate represented to investors and such estimates lacked a reasonable factual basis.
Those who purchased Methode Electronics, Inc. (NYSE: MEI) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
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