Methode Electronics Inc. Is Being Sued For Possibly Violating Securities Laws And Investors Are Encouraged To Participate
The Schall Law Firm has announced a class action lawsuit against Methode Electronics, Inc. (NYSE:MEI) for alleged violations of securities laws. Investors who purchased Methode's securities between June 23, 2022, and March 6, 2024, are encouraged to participate. The lawsuit claims that Methode made false and misleading statements about its workforce, business transition, and product offerings.
Key allegations include:
- Failure to maintain a skilled workforce
- Poor execution in diversifying product offerings
- Problems at the Monterrey facility
- Delays in EV product program
The deadline for investors to join the case is October 25, 2024. The class has not yet been certified, and affected shareholders are advised to contact the Schall Law Firm for more information.
Lo Studio Legale Schall ha annunciato una causa collettiva contro Methode Electronics, Inc. (NYSE:MEI) per presunti violazioni delle leggi sui titoli. Gli investitori che hanno acquistato titoli di Methode tra il 23 giugno 2022 e il 6 marzo 2024 sono invitati a partecipare. La causa afferma che Methode ha fatto affermazioni false e fuorvianti riguardo alla sua forza lavoro, transizione aziendale e offerte di prodotti.
Le accuse principali includono:
- Incapacità di mantenere una forza lavoro qualificata
- Scarsa esecuzione nella diversificazione delle offerte di prodotti
- Problemi presso lo stabilimento di Monterrey
- Ritardi nel programma di prodotti EV
La scadenza per gli investitori per unirsi al caso è 25 ottobre 2024. La classe non è ancora stata certificata e gli azionisti interessati sono invitati a contattare lo Studio Legale Schall per ulteriori informazioni.
El Bufete Schall ha anunciado una demanda colectiva contra Methode Electronics, Inc. (NYSE:MEI) por supuestas violaciones de las leyes de valores. Se anima a los inversores que compraron valores de Methode entre el 23 de junio de 2022 y el 6 de marzo de 2024 a participar. La demanda afirma que Methode hizo declaraciones falsas y engañosas sobre su fuerza laboral, transición empresarial y ofertas de productos.
Las acusaciones clave incluyen:
- Falta de mantenimiento de una fuerza laboral calificada
- Pobre ejecución en la diversificación de ofertas de productos
- Problemas en la instalación de Monterrey
- Retrasos en el programa de productos eléctricos (EV)
La fecha límite para que los inversores se unan al caso es el 25 de octubre de 2024. La clase aún no ha sido certificada, y se aconseja a los accionistas afectados que contacten con el Bufete Schall para obtener más información.
샬 로펌(Schall Law Firm)은 Methode Electronics, Inc. (NYSE:MEI)에 대해 집단소송을 제기했다고 발표했습니다. 2022년 6월 23일부터 2024년 3월 6일 사이에 Methode의 증권을 구매한 투자자들은 참여를 권장합니다. 이 소송은 Methode가 허위 및 오해의 소지가 있는 진술을 했다고 주장하고 있습니다. 이 진술은 회사의 인력, 사업 전환 및 제품 제공에 관한 것입니다.
주요 혐의는 다음과 같습니다:
- 숙련된 인력 유지 실패
- 제품 제안 다각화 실행 부족
- 몬테레이 시설의 문제
- 전기차(EV) 제품 프로그램의 지연
투자자들이 이 사건에 참여할 최종 기한은 2024년 10월 25일입니다. 클래스는 아직 인증되지 않았으며, 영향을 받을 주주들은 더 많은 정보를 위해 샬 로펌에 연락하라는 권고를 받고 있습니다.
Le cabinet d'avocats Schall a annoncé un recours collectif contre Methode Electronics, Inc. (NYSE:MEI) pour des violations présumées des lois sur les valeurs mobilières. Les investisseurs ayant acheté des titres de Methode entre le 23 juin 2022 et le 6 mars 2024 sont encouragés à participer. La plainte affirme que Methode a fait des déclarations fausses et trompeuses concernant sa main-d'œuvre, sa transition commerciale et ses offres de produits.
Les principales allégations incluent :
- Incapacité à maintenir une main-d'œuvre qualifiée
- Mauvaise exécution dans la diversification des offres de produits
- Problèmes au sein de l'installation de Monterrey
- Retards dans le programme de produits électriques (VE)
La date limite pour que les investisseurs rejoignent l'affaire est le 25 octobre 2024. La classe n'a pas encore été certifiée, et les actionnaires concernés sont invités à contacter le cabinet Schall pour plus d'informations.
Die Schall Rechtsanwaltskanzlei hat eine Sammlungsklage gegen Methode Electronics, Inc. (NYSE:MEI) wegen angeblicher Verstöße gegen die Wertpapiergesetze angekündigt. Anleger, die zwischen dem 23. Juni 2022 und dem 6. März 2024 Aktien von Methode erworben haben, werden ermutigt, teilzunehmen. Die Klage behauptet, dass Methode falsche und irreführende Aussagen über seine Belegschaft, den Unternehmensübergang und die Produktangebote gemacht hat.
Die wichtigsten Vorwürfe umfassen:
- Versäumnis, eine qualifizierte Belegschaft aufrechtzuerhalten
- Schlechte Ausführung bei der Diversifizierung des Produktportfolios
- Probleme im Werk Monterrey
- Verzögerungen im Programm für Elektrofahrzeuge (EV)
Die Frist für Investoren, um dem Fall beizutreten, ist der 25. Oktober 2024. Die Klasse wurde noch nicht zertifiziert, und betroffene Aktionäre werden gebeten, die Schall Rechtsanwaltskanzlei für weitere Informationen zu kontaktieren.
- None.
- None.
LOS ANGELES, CA / ACCESSWIRE / September 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Methode Electronics, Inc. ("Methode" or "the Company") (NYSE:MEI) violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between June 23, 2022 and March 6, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before October 25, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Methode failed to maintain the skilled and experienced workforce necessary to transition its business. The Company's attempt to replace its General motors center console business with diversified product offerings was marred by poor execution. The Company's Monterrey facility suffered from many problems such as logistical errors. The Company's EV product program fell behind schedule, preventing sales. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Methode, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
SOURCE: The Schall Law Firm
View the original press release on accesswire.com
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