ROSEN, GLOBAL INVESTOR COUNSEL, Urges MEI Investors to Act Before Class Action Deadline

NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) - ROSEN Law Firm, a premier global investor rights law firm, has issued an important update for investors holding shares of Methode Electronics, Inc. NYSE:MEI. The firm is calling for shareholders who purchased stock during the period from June 23, 2022, to March 6, 2024, collectively known as the 'Class Period,' to be vigilant and consider securing legal counsel prior to the impending October 25, 2024, deadline concerning a securities class action.

The Significance of the Class Period for MEI Shareholders

Investors who have acquired shares of Methode Electronics, Inc. MEI within the specified Class Period may be eligible to participate in the class action lawsuit, which alleges violations of federal securities laws. Participation in the lawsuit requires affected shareholders to act before the designated deadline.

Understanding The Allegations Against Methode Electronics, Inc.

The lawsuit claims that Methode Electronics, Inc. and certain executives made materially false and/or misleading statements and failed to disclose important information to investors, resulting in potential harm to shareholder value. This announcement serves as a vital reminder for investors to assess their legal options.

Implications for Investors and Next Steps

ROSEN Law Firm specializes in advocating for investor rights and has a track record of representing shareholders in securities class actions. Methode Electronics shareholders who are concerned about their investment and wish to take action must contact counsel and apply to be a lead plaintiff before the October 25, 2024 deadline, should they choose to participate in the lawsuit.

Securities, Lawsuit, Deadline