Kuehn law encourages investors of methode electronics, inc. to contact law firm

New york , feb. 10, 2025 /prnewswire/ -- kuehn law, pllc, a shareholder litigation law firm, is investigating whether certain officers and directors of methode electronics, inc. (nyse: mei)  breached their fiduciary duties to shareholders.  according to a federal securities lawsuit, methode insiders caused the company to misrepresent or fail to disclose that (i) methode electronics lost skilled employees during the covid-19 pandemic, hindering their transition to a high mix, low volume production model at monterrey; (ii) efforts to diversify from general motors center consoles to specialized ev products faced planning issues, inventory shortages, supplier problems, and poor execution; (iii) the monterrey facility's manufacturing systems had logistical defects, including coding errors, shipping mistakes, delivery delays, and quality control issues; (iv) deadlines were missed on launching new ev programs, delaying revenue; (v) consequently, methode electronics was not on track to meet its 2023 earnings-per-share guidance or the projected 6% organic sales growth rate.
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