Methode Electronics, Inc. (NYSE: MEI) Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Methode Electronics, Inc. (“Methode”) (NYSE: MEI) common stock between December 2, 2021 and March 6, 2024, inclusive (the “Class Period”).

The Class Period begins on December 2, 2021, when Methode filed its second quarter 2022 financial results.  In connection with these results, Defendant Donald W. Duda, the company’s then-President and Chief Executive Officer, touted the “diversity of awards across key applications” and that “business awards over the last couple of years have put us on track in aggregate to replace the sales from the roll off of this truck [center console] program.”  In fact, Defendant Duda also explained to investors during the company’s investor earnings call that Methode “expect[s] that . . . as that [center console program] rolls off and other programs roll on, that our margins would improve.”

The complaint alleges that, throughout the Class Period, Defendants repeatedly assured investors that Methode’s automotive segment was growing and acquiring new business, but failed to disclose that Methode could not adequately meet its customers’ needs because the company was saddled by operational inefficiencies in North America, including planning deficiencies, inventory shortages, and shipping delays.

Current Status of Case:
On May 20, 2026, Defendants filed a Motion to Dismiss the Amended Complaint. This action is ongoing.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.