Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false or 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 contact them for legal options [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 [3]. Group 2: Financial Performance - Napco reported a significant reduction in hardware sales for the second quarter of fiscal 2025, attributing the decline to reduced sales from two larger distributors [6]. - 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]. Group 3: Allegations Against the Company - The complaint alleges that Napco and its executives violated federal securities laws by failing to disclose material information regarding the company's expected growth and the strength of its hardware division [5]. - Executives had previously expressed confidence in achieving fiscal 2026 growth projections based on demand for hardware products, which has now been called into question [5].
NSSC Investors Have the Opportunity to Lead the Napco Security Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP