Methode Electronics, Inc.
(NYSE: MEI)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Methode Electronics, Inc. (“Methode” or the “Company”) on behalf of stockholders.
ABOUT THE INVESTIGATION
The investigation concerns whether Methode and certain of its directors and/or officers issued materially misleading information and/or failed to disclose material information to the investing public.
Methode designs, engineers, and manufactures custom-engineered solutions for original equipment manufacturers. The Company’s solutions are found in the transportation market, including in automobiles and commercial vehicles.
The investigation concerns whether Methode and certain of its directors and/or officers failed to disclose to shareholders, among other things, that: (i) during the COVID-19 pandemic, the Company had lost highly skilled and experienced employees that were necessary for the Company to complete its transition to a high mix, low production model at its facility in Monterrey, Mexico; (ii) Methode’s electric vehicle (“EV”) business was not growing sufficiently to replace the revenue that the Company was losing from ending its central console program with General Motors Company; (iii) the Company’s manufacturing systems at its Monterrey facility were experiencing significant, ongoing operational inefficiencies; and (iv) the Company had fallen substantially behind on the launch of its new EV programs out of its Monterrey facility.
THERE IS NO COST TO YOU
There is no cost to you to join this action. We represent investors on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees only if we are successful.
If you are interested in joining the action or receiving more information, you may fill out the form below or contact Leah Wihtelin cost free at (516) 693-8926 or by email at lw@rl-legal.com.
