NSSC LAWSUIT ALERT: The Gross Law Firm Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm is notifying shareholders of Napco Security Technologies, Inc. about a potential class action lawsuit due to significant declines in the company's stock price following disappointing financial results and revised growth projections [1][3]. Group 1: Company Performance and Allegations - The class period for the alleged misleading statements is from February 5, 2024, to February 3, 2025 [3]. - Allegations include that Napco's management provided investors with overly optimistic information regarding the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth projections [3]. - On February 3, 2025, Napco reported a significant reduction in hardware sales, attributing the decline primarily to reduced sales from two larger distributors [3]. - 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 [3]. Group 2: Legal Proceedings and Shareholder Actions - Shareholders are encouraged to register for the class action lawsuit, with a deadline for lead plaintiff applications set for June 24, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - The Gross Law Firm emphasizes its commitment to protecting investors' rights and ensuring responsible business practices by companies [5].