Methode Electronics, Inc. Investors: Company Investigated by the Portnoy Law Firm

Legal Investigation - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Methode Electronics Inc and may file a class action on behalf of investors [1] - Investors who lost money on their investment in Methode are encouraged to contact the law firm to discuss their legal rights and options for recovering losses [2] Financial Performance - Methode Electronics reported its 3Q2024 financial results, with the Automotive Segment generating $139 7 million in net sales and incurring an $11 million operating loss [3] - The company withdrew its previous guidance due to operational challenges at its Monterrey facility and stated that prior guidance should no longer be relied upon [3] Legal Proceedings - Following the financial results announcement, Methode Electronics and certain executives were sued in a securities class action for allegedly failing to disclose material information and violating federal securities laws [4] - The lawsuit is ongoing and investors can visit the law firm's website for more information and to submit transaction details [4]