StockNews.AI
MEI
StockNews.AI
243 days

INVESTOR ALERT: Rigrodsky Law, P.A. Is Investigating Methode Electronics, Inc. On Behalf of Shareholders

1. Rigrodsky Law investigates possible claims against Methode's officers and directors. 2. Concerns include misleading shareholder information during the COVID-19 pandemic. 3. Methode's manufacturing inefficiencies and lost talent may impact financial performance. 4. Struggles in the EV market may hinder revenue growth for Methode.

4 mins saved
Full Article

FAQ

Why Bearish?

Legal investigations can lead to uncertainty around stock performance. Past cases show prices can decline with similar investigations.

How important is it?

The investigation's potential impact on governance could directly influence MEI's stock value.

Why Short Term?

The investigation may prompt immediate stock volatility. Legal outcomes can rapidly affect investor sentiment.

Related Companies

GMTSLA
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Methode Electronics, Inc. ("Methode" or the "Company") (NYSE:MEI) on behalf of stockholders.If you are a shareholder of Methode and want to learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-methode-electronics-inc. You may also contact Leah Wihtelin cost free at (516) 693-8926 or by email at [email protected].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.About Rigrodsky Law:Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.Attorney advertising. Prior results do not guarantee a similar outcome.Contact:Rigrodsky Law, P.A.Seth D. Rigrodsky, Esq.Gina M. Serra, Esq.Call or Text: (302) 295-5310 Email: [email protected]SOURCE: Rigrodsky Law, P.A.

Related News