Levi & Korsinsky notifies investors that it has commenced an investigation into Methode Electronics, Inc. (NYSE: MEI) concerning potential violations of the federal securities laws.
On July 14, 2023, Methode announced that, “On July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer of Methode Electronics, Inc. (company), and his powers, authority and duties as such officer of the Company were suspended.” 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, the price of Methode stock fell sharply.
If you suffered a loss on your Methode securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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