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NSSC IMPORTANT DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 24 Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-13 18:23
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1]. Group 1: Class Action Details - Investors who bought NAPCO securities between February 5, 2024, and February 3, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5]. - It is claimed that NAPCO's optimistic margin growth goals and reassurances about hardware sales did not align with reality, as the company was unable to accurately forecast product demand [5].
Napco Security Technologies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 24, 2025 to Discuss Your Rights – NSSC
GlobeNewswire News Room· 2025-06-13 17:18
Core Viewpoint - Napco Security Technologies, Inc. is facing a class action lawsuit due to alleged securities fraud that negatively impacted investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by misleading statements regarding Napco's growth and hardware division performance [2] - Defendants expressed confidence in achieving fiscal 2026 growth projections, but a significant decline in hardware sales was reported on February 3, 2025, attributed to reduced sales from two major distributors [2] - Following the disappointing financial results, Napco's stock price plummeted from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: 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 in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and being recognized as a top securities litigation firm in the U.S. for seven consecutive years [4]
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Napco Security Technologies, Inc.(NSSC) Shareholders
Prnewswire· 2025-06-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were impacted by misleading statements regarding the company's growth and hardware division performance [2] - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which was contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, Napco's stock price plummeted from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: 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 in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Napco (NSSC) Under Scrutiny: Investor Suit and Sales Slump Shake Investor Confidence – Hagens Berman
GlobeNewswire News Room· 2025-06-11 18:20
SAN FRANCISCO, June 11, 2025 (GLOBE NEWSWIRE) -- Shares in Napco Security Technologies, Inc. (NASDAQ: NSSC) are trading down nearly 21% year-to-date, as the security technology company continues to face heightened scrutiny as it navigates both legal and operational challenges. Most recently, on May 5, 2025, Napco released its third-quarter financial results for fiscal year 2025, revealing mixed performance metrics amid an ongoing securities class action lawsuit that centers on its distribution practices and ...
The Gross Law Firm Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – NSSC
GlobeNewswire News Room· 2025-06-09 17:31
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1][3]. Group 1: Allegations and Financial Impact - The class period for the lawsuit is from February 5, 2024, to February 3, 2025, during which Napco allegedly provided investors with optimistic projections about its hardware division's growth [3]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors, which led to a retraction of their long-term 45% EBITDA margin target [3]. - Following the announcement, 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 [3]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 24, 2025, to potentially become lead plaintiffs and to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring system for status updates [4]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].
Napco Security Technologies, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights - NSSC
Prnewswire· 2025-06-09 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth targets based on demand forecasts [1]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this primarily to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [1]. Stock Performance - Following the announcement of disappointing financial results, Napco's stock price fell 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 [1]. Class Action Details - Shareholders who purchased shares during the specified class period (February 5, 2024, to February 3, 2025) are encouraged to register for the class action, with a deadline for lead plaintiff applications set for June 24, 2025 [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices that inflate stock prices [3].
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-06-06 15:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1]. Group 1: Class Action Details - Investors who purchased NAPCO securities between February 5, 2024, and February 3, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by June 24, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5]. - It is claimed that NAPCO's optimistic margin growth goals were unrealistic, as the company was not adequately prepared to forecast demand for its products [5].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
Prnewswire· 2025-06-06 14:04
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and misleading statements regarding the company's growth and hardware division performance [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Napco between February 5, 2024, and February 3, 2025, to discuss their legal rights [1]. - There is a deadline of June 24, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Napco [2]. Group 2: Financial Performance - Napco announced a significant reduction in hardware sales for the second quarter of fiscal 2025, attributing the decline primarily to reduced sales from two larger distributors [5]. - Following the announcement, Napco's stock price fell 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 [6]. Group 3: Company Statements - The complaint alleges that Napco and its executives made false statements regarding the company's expected growth and the strength of its hardware division, including confidence in achieving fiscal 2026 growth projections [4]. - The company has also pulled back its long-term 45% EBITDA margin target, indicating uncertainty about achieving this target by the end of fiscal 2026 [5].
NSSC Shareholders Have the Right to Lead the Napco Security Technologies, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - NSSC
Prnewswire· 2025-06-06 13:18
Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged violations of federal securities laws, particularly concerning misleading statements about growth projections and sales performance [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Napco's securities between February 5, 2024, and February 3, 2025 [1]. - The complaint claims that Napco made false statements regarding its confidence in growth projections based on customer demand for hardware products [2]. - Napco's financial results for the second quarter, announced on February 3, 2025, showed a decline in hardware product sales, contradicting previous optimistic statements [2]. Group 2: Financial Performance - The company attributed the sales shortfall to reduced sales from two of its larger distributors [2]. - Following the disappointing sales results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about its achievability [2].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Napco Security Technologies, Inc. Lawsuit - NSSC
Prnewswire· 2025-06-06 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were impacted by misleading information regarding the company's growth and hardware division performance [2] - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which was contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, Napco's stock price fell from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [2] Group 2: 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 in any recovery does not require this role [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]