NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of Methode stockholders. Our investigation concerns whether Methode has violated the federal securities laws and/or engaged in other unlawful business practices.
Click here to participate in the action.
On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer…, and his powers, authority and duties as such officer of the Company were suspended.” On this news, Methode’s stock price fell $0.53 per share, or 1.57%, to close at $33.27 per share on July 14, 2023.
Then, on December 7, 2023, Methode announced that the Company had removed Joseph Khoury from his position as Chief Operating Officer and terminated him as an employee.
On this news, Methode’s stock price fell $2.27 per share, or 9.27%, to close at $22.13 per share on December 7, 2023.
If you purchased or otherwise acquired Methode shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
