Methode Electronics, Inc. Class Action Lawsuit - MEI

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.

In order to be eligible to join the MEI class action lawsuit, you must have incurred a loss on shares of Methode purchased during the class period listed above.