Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Napco Lawsuit – NSSC

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][2]. 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]. - 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 [2]. Group 2: Financial Performance - The decline in hardware sales was attributed to reduced sales from two of the company's larger distributors [2]. - Following the sales setback, Napco retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving this goal by the end of fiscal 2026 [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 in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [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 [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].