Bronstein, Gewirtz & Grossman, LLC Investigates Potential Securities Fraud Claims Against Methode Electronics, Inc.
On March 11, 2025, Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, announced that it is investigating potential claims on behalf of purchasers of Methode Electronics, Inc. (NYSE: MEI) securities. The investigation concerns whether Methode Electronics and certain of its officers or directors violated federal securities laws.
Background on Methode Electronics, Inc.
Methode Electronics is a leading global manufacturer of custom engineered and application-specific sensing, electrical, power, and protection solutions. The Company’s products are used in various industries, including automotive, industrial, aerospace, and medical.
Investigation Details
The investigation concerns whether Methode Electronics and certain of its executives or directors made false and/or misleading statements and/or failed to disclose material information to the investing public. Specifically, the investigation focuses on whether the Company misrepresented the financial health and performance of its business.
Timeline of Events
-
On August 4, 2021, Methode Electronics reported second-quarter 2021 financial results, which included revenue of $1.05 billion, a 15.5% increase year-over-year.
-
On October 27, 2021, Methode Electronics announced the acquisition of Tri-Maga, a leading European manufacturer of automotive and industrial connectors and switches.
-
On November 3, 2021, Methode Electronics reported third-quarter 2021 financial results, which included revenue of $1.12 billion, a 12.1% increase year-over-year.
-
On December 2, 2021, Methode Electronics announced the acquisition of Sensirion’s sensor business for approximately $1.3 billion.
However, on December 16, 2021, a report was published alleging that certain Methode Electronics executives had engaged in accounting irregularities and had inflated revenue figures. The report also claimed that the Company had failed to disclose material information regarding these issues to investors.
Impact on Individual Investors
If the investigation reveals that Methode Electronics and its executives or directors violated federal securities laws, it could lead to significant financial losses for individual investors. Those who purchased Methode Electronics securities prior to December 2, 2021, and continue to hold to the present, may be eligible to recover their losses.
Impact on the World
The potential securities fraud investigation against Methode Electronics could have broader implications for the business world. If the allegations are proven true, it could undermine investor confidence in the accuracy and reliability of financial statements and reports. It could also lead to increased scrutiny of other companies in similar industries and potentially result in stricter regulations.
Conclusion
Bronstein, Gewirtz & Grossman, LLC is urging investors who purchased Methode Electronics securities prior to December 2, 2021, and continue to hold to the present, to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MEI. The investigation is ongoing, and the firm is encouraging investors to contact them as soon as possible.
The potential securities fraud investigation against Methode Electronics is a reminder of the importance of accurate and transparent financial reporting. It also underscores the need for investors to stay informed and vigilant when it comes to their investments. If the allegations are proven true, it could have significant implications not only for Methode Electronics and its investors but also for the business world as a whole.
