Deadline Approaches for Methode Electronics Securities Fraud Lawsuit on October 25, 2024

On September 9, 2024, The Gross Law Firm released a notice aimed at shareholders of Methode Electronics, Inc., informing them of a potential securities fraud lawsuit. This notice specifically targets individuals who purchased shares during the class period from June 23, 2022, to March 6, 2024. The firm encourages these shareholders to reach out for discussions regarding their rights and the possibility of being appointed as lead plaintiffs in the case. The allegations against Methode Electronics include claims that the company made materially false statements and failed to disclose significant operational issues during the COVID-19 pandemic. These issues reportedly hindered the company's transition to a new production model and affected its ability to launch new electric vehicle programs, ultimately impacting its financial performance. Shareholders are advised that registering for the class action is essential to stay informed about the case's progress. Once registered, they will receive updates through a portfolio monitoring software, ensuring they are kept in the loop throughout the legal proceedings. The deadline for shareholders to seek lead plaintiff status is set for October 25, 2024. The Gross Law Firm emphasizes that participation in the case comes at no cost or obligation to the shareholders, reinforcing their commitment to responsible corporate practices.