Oct. 25th Deadline Alert: Investors Who Lost More Than $100,000 With Methode Electronics, Inc. (NYSE: MEI) Shares Should Contact the Shareholders Foundation
SAN DIEGO, CA, September 24, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announced that a deadline is coming up on October 25, 2024 in the lawsuit that was filed for certain investors who purchased shares of Methode Electronics, Inc. (NYSE:MEI). Investors in NYSE: MEI shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The Shareholders Foundation, Inc. announced that a deadline is coming up on October 25, 2024 in the lawsuit that was filed for certain investors who purchased shares of Methode Electronics, Inc. (NYSE:MEI).
Investors, who purchased shares in excess of $100,000 of Methode Electronics, Inc. (NYSE: MEI) between June 23, 2022 and March 6, 2024, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 26, 2024, an investor in NYSE: MEI shares filed a lawsuit against Methode Electronics, Inc. over alleged violations of securities laws. The plaintiff alleges, among other thing, 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 Methode Electronics had fallen substantially behind on the launch of new EV programs out of its Monterrey facility, preventing Methode Electronics from timely receiving revenue from new EV program awards.
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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