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NSSC Investors Have the Opportunity to Lead the Napco Security Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-05-18 12:10
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, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by June 24, 2025 [2][4]. Company Overview - Napco Security Technologies, Inc. is publicly traded on NASDAQ under the ticker NSSC [2]. - The company has faced significant scrutiny following a substantial decline in hardware sales, attributed to reduced sales from two major distributors [5]. Financial Performance - On February 3, 2025, Napco reported a significant reduction in hardware sales for the second quarter of fiscal 2025, leading to a retraction of its long-term EBITDA margin target of 45% [5]. - The company'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]. Legal Proceedings - A federal securities class action has been filed against Napco, with the firm encouraging investors who suffered losses between February 5, 2024, and February 3, 2025, to discuss their legal options [1][2]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members [7]. Call for Information - Faruqi & Faruqi is seeking information from whistleblowers, former employees, and shareholders regarding Napco's conduct [8].
ROSEN, LEADING TRIAL COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-05-17 18:14
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 interested parties must move the Court to serve as lead plaintiff 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: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in this area [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in 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 unable to accurately forecast product demand, leading to investor damages when the truth was revealed [5].
Lost Money on Napco Security Technologies, Inc. (NSSC)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-05-16 17:12
Core Viewpoint - Napco Security Technologies, Inc. is facing a class action lawsuit due to alleged securities fraud that 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 based on demand for hardware products, which was later contradicted by a significant decline in hardware sales reported on February 3, 2025 [2] - Following the announcement of reduced 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 out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [4]
Investors who lost money on Napco Security Technologies, Inc.(NSSC) should contact Levi & Korsinsky about pending Class Action - NSSC
Prnewswire· 2025-05-16 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][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively 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 were later 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 serving as a lead plaintiff [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 strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
The Gross Law Firm Reminds Napco Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 – NSSC
GlobeNewswire News Room· 2025-05-15 17:44
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]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 5, 2024, to February 3, 2025 [3]. - Allegations include that defendants provided investors with misleading information about Napco's expected growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth projections [3]. - 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 [3]. Stock Performance - Following the announcement of poor financial results, Napco's stock price dropped 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]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 24, 2025, to participate in the case without any cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) should contact The Gross Law Firm about pending Class Action - NSSC
Prnewswire· 2025-05-15 09:45
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]. Group 1: Allegations and Financial Impact - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and hardware division strength, claiming confidence in achieving fiscal 2026 growth targets [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]. - 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 just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of NSSC during the class period from February 5, 2024, to February 3, 2025, are encouraged to register for the class action, with a deadline set for June 24, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress, and there is no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - 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 that inflated stock prices [3].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
GlobeNewswire News Room· 2025-05-14 18:10
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 [3][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $75,000 in Napco between February 5, 2024, and February 3, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Napco, with a deadline of June 24, 2025, for investors to seek the role of lead plaintiff [3]. Group 2: Allegations Against Napco - The complaint alleges that Napco and its executives violated federal securities laws by failing to disclose material information about the company's expected growth and hardware division strength [5]. - Napco's financial results for the second quarter of fiscal 2025 showed a significant reduction in hardware sales, attributed to decreased sales from two major distributors [6]. Group 3: Stock Performance - Following the announcement of poor 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 [7].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-05-13 16:28
Core Viewpoint - Napco Security Technologies, Inc. is facing a class action lawsuit due to alleged securities fraud that impacted investors between February 5, 2024, and February 3, 2025 [1][2] Company Performance - The lawsuit claims that Napco misled investors regarding its expected growth and strength in the hardware division, particularly its ability to meet fiscal 2026 growth projections [2] - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors [2] - 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 [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the class action [3] - Participation in the lawsuit does not require any out-of-pocket costs for class members [3] 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 [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Levi & Korsinsky Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - NSSC
Prnewswire· 2025-05-13 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][2]. Company Performance - The lawsuit claims that Napco's management provided misleading information regarding the company's expected growth and strength in its hardware division, which contributed to investor losses [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing the drop primarily to reduced sales from two major distributors [2]. - Following the disappointing financial results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this goal by the end of fiscal 2026 [2]. Stock Market Impact - Napco's stock price experienced a dramatic decline, falling from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day [2]. Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs for class members [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Napco (NSSC) Navigates Distributor Inventory Shifts Amidst Ongoing Investor Lawsuit – Hagens Berman
GlobeNewswire News Room· 2025-05-12 22:15
Core Viewpoint - Napco Security Technologies, Inc. is facing significant challenges, including a securities class action lawsuit and declining sales, which have raised concerns about its distribution network and forecasting capabilities [1][3][4]. Financial Performance - For the third quarter of fiscal year 2025, Napco reported revenue of $43.96 million, which was above Wall Street's expectations, but represented a year-on-year decline of 10.8% [2]. - The company experienced a substantial 25% drop in equipment sales in the second quarter of fiscal 2025 compared to the same period the previous year, alongside declines in gross margin and gross profit [6]. Legal Issues - A class action lawsuit has been filed against Napco, representing investors who purchased securities between February 5, 2024, and February 3, 2025, following a significant drop in stock price due to disappointing earnings disclosures [3][4]. - The lawsuit alleges that Napco made false and misleading statements regarding its sales forecasts and the ability to manage demand fluctuations, which were not disclosed to investors [4][5]. Market Reaction - Following the negative earnings report on February 3, 2025, Napco's stock price fell sharply, erasing $9.77 per share in value and prompting analysts to downgrade their ratings on the company [7]. Investigative Actions - Hagens Berman, a securities litigation firm, is investigating potential securities fraud claims against Napco, emphasizing the ongoing concerns about the company's sales performance and distribution management [8].