Case Details The complaint alleges that Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of NAPCO's ability to forecast the demand for its products or otherwise the true state of NAPCO's negotiating position with distributors; notably, that, despite making lofty long-term projections and claiming one-off setbacks to hardware sales, NAPCO's fo ...

SAN FRANCISCO, April 29, 2025 /PRNewswire/ -- A securities class action lawsuit styled Patel v. Napco Security Technologies, Inc., et al., No. 1:25-cv-02308 (E.D.N.Y.) has been filed after investors saw the price of their shares tumble 26% after Napco (NASDAQ: NSSC) reported a sharp decline in second-quarter 2025 earnings and margins, and revealed problems with its distribution network. The lawsuit seeks to represent investors who purchased Napco securities between February 5, 2024 and February 3, 2025.Hage ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Napco Security Technologies, Inc. (“Napco” or the “Company”) (NASDAQ: NSSC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Napco and cert ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Napco investors who were adversely affected by alleged securities fraud between February 5, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/napco-secur ...

Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud impacting investors between February 5, 2024, and February 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively affected by the alleged fraud [1]. - Defendants allegedly misled investors regarding Napco's growth expectations and the strength of its hardware division, claiming confidence in achieving fiscal 2026 growth projections [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing it to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [2]. Group 2: Stock Performance - Following the announcement of disappointing financial results, Napco's stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [2]. Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Group 1: Allegations and Financial Performance - Robbins LLP is investigating claims that Napco Security Technologies misled investors regarding its ability to meet fiscal 2026 growth projections, failing to disclose the true state of demand forecasting and distributor negotiations [2]. - The complaint highlights that Napco made optimistic long-term projections while downplaying setbacks in hardware sales, which ultimately led to a decline in sales and failure to meet projections [2]. - On February 3, 2025, Napco announced disappointing financial results for Q2 of fiscal 2025, revealing a significant reduction in hardware sales, causing its stock price to drop approximately 26.62% from $36.70 on January 31, 2024, to $26.93 on February 3, 2025 [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by June 24, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery and can remain absent class members if they choose not to take action [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A securities class action lawsuit has been filed against Napco Security Technologies, Inc. after a significant drop in share price following disappointing Q2 2025 earnings and issues with its distribution network [1][3]. Group 1: Lawsuit Details - The lawsuit, Patel v. Napco Security Technologies, Inc., seeks to represent investors who purchased Napco securities between February 5, 2024, and February 3, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for June 24, 2025 [2]. Group 2: Financial Performance - Napco reported a 25% decline in equipment sales compared to the previous year’s Q2, alongside substantial declines in gross margin and gross profit for equipment revenue [3][6]. - The company attributed its poor performance to reduced sales to two major distributors, with one distributor actively working to reduce inventory [3][4]. Group 3: Investor Communication - The lawsuit alleges that Napco made false and misleading statements regarding its sales practices and forecasting abilities, failing to disclose critical information to investors [3][6]. - Despite assurances of achieving fiscal 2026 growth and margin targets, the company did not adequately disclose its inability to forecast product demand or the potential impact of demand fluctuations [6]. Group 4: Market Reaction - Following the announcement of the disappointing financial results, Napco's shares plummeted by $9.77, or 26%, in a single day, leading to analyst downgrades [4].

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to ...

ATLANTA, April 28, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Napco Security Technologies, Inc. (“Napco” or “the Company”) (NASDAQ: NSSC). The lawsuit alleges that Defendants provided investors with material information concerning Napco’s overall expected growth and strength in the Company’s hardware division while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Napco’s a ...

LOS ANGELES, April 28, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Napco Security Technologies, Inc. ("Napco" or "the Company") (NASDAQ: NSSC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 5, 2024, and February 3, 2025, inclusive (the ...