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Kuehn Law Encourages Investors of Methode Electronics, Inc. to Contact Law Firm
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Methode Electronics, Inc. (NYSE: MEI) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Methode insiders caused the company to misrepresent or fail to disclose that (i) Methode Electronics lost skilled employees during the COVID-19 pandemic, hindering their transition to a high mix, low volume production model at Monterrey; (ii) Efforts to diversify from General Motors center consoles to specialized EV products faced planning issues, inventory shortages, supplier problems, and poor execution; (iii) The Monterrey facility's manufacturing systems had logistical defects, including coding errors, shipping mistakes, delivery delays, and quality control issues; (iv) deadlines were missed on launching new EV programs, delaying revenue; (v) Consequently, Methode Electronics was not on track to meet its 2023 earnings-per-share guidance or the projected 6% organic sales growth rate.
If you currently own MEI and purchased prior to June 23, 2022 please contact Justin Kuehn, Esq. here, by email at justin@kuehn.law or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
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Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC
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