Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Legal Alert: Johnson Fistel has Commenced a Class Action Investigation Following Significant News By: Johnson Fistel, LLP via Business Wire June 19, 2024 at 09:32 AM EDT Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Methode securities? If you bought securities and suffered significant losses on your investment, join our investigation now: Click Here to Join the Investigation Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471 There is no cost or obligation to you. What is Johnson Fistel investigating? On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties . . . were suspended.” Then, on December 7, 2023, Methode disclosed that Khoury had been terminated as an employee of the Company’s Egyptian subsidiary and is no longer associated with the Company, stating that “the Company has eliminated the position of Chief Operating Officer for the present time.” Then on March 7, 2024, Methode reported financial results for the third quarter of fiscal 2024 ended January 27, 2024. Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million. The Company said due to various market and operational challenges the business was facing, it would suspended forward-looking guidance; and all earlier guidance provided should no longer be relied upon. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com. About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. View source version on businesswire.com: https://www.businesswire.com/news/home/20240619056629/en/Contacts Johnson Fistel, LLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Legal Alert: Johnson Fistel has Commenced a Class Action Investigation Following Significant News By: Johnson Fistel, LLP via Business Wire June 19, 2024 at 09:32 AM EDT Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Methode securities? If you bought securities and suffered significant losses on your investment, join our investigation now: Click Here to Join the Investigation Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471 There is no cost or obligation to you. What is Johnson Fistel investigating? On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties . . . were suspended.” Then, on December 7, 2023, Methode disclosed that Khoury had been terminated as an employee of the Company’s Egyptian subsidiary and is no longer associated with the Company, stating that “the Company has eliminated the position of Chief Operating Officer for the present time.” Then on March 7, 2024, Methode reported financial results for the third quarter of fiscal 2024 ended January 27, 2024. Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million. The Company said due to various market and operational challenges the business was facing, it would suspended forward-looking guidance; and all earlier guidance provided should no longer be relied upon. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com. About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. View source version on businesswire.com: https://www.businesswire.com/news/home/20240619056629/en/Contacts Johnson Fistel, LLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased Methode securities? If you bought securities and suffered significant losses on your investment, join our investigation now: Click Here to Join the Investigation Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471 There is no cost or obligation to you. What is Johnson Fistel investigating? On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties . . . were suspended.” Then, on December 7, 2023, Methode disclosed that Khoury had been terminated as an employee of the Company’s Egyptian subsidiary and is no longer associated with the Company, stating that “the Company has eliminated the position of Chief Operating Officer for the present time.” Then on March 7, 2024, Methode reported financial results for the third quarter of fiscal 2024 ended January 27, 2024. Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million. The Company said due to various market and operational challenges the business was facing, it would suspended forward-looking guidance; and all earlier guidance provided should no longer be relied upon. What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com. About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. View source version on businesswire.com: https://www.businesswire.com/news/home/20240619056629/en/
Johnson Fistel, LLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
