ROSEN, LEADING INVESTOR COUNSEL, Encourages Methode Electronics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MEI

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Methode Electronics, Inc. common stock during the specified Class Period, highlighting potential investor compensation opportunities [2][3]. Group 1: Lawsuit Details - The class action lawsuit pertains to stock purchases made between June 23, 2022, and March 6, 2024, and aims to address misleading statements made by Methode Electronics during this period [2]. - Investors who purchased Methode common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. Group 2: Allegations Against Methode Electronics - The lawsuit alleges that Methode Electronics made false and misleading statements regarding its operational challenges, including the loss of skilled employees during the COVID-19 pandemic, which affected its production transition [6]. - It is claimed that Methode faced significant production planning deficiencies, inventory shortages, and vendor issues while attempting to diversify its product offerings, particularly in the electric vehicle sector [6]. - The manufacturing systems at Methode's Monterrey facility reportedly suffered from logistical defects, including improper system coding and quality control failures, which hindered the launch of new electric vehicle programs [6]. - As a result of these issues, Methode is alleged to have fallen behind on its earnings guidance and growth projections, leading to investor damages when the true situation became known [6].