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

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].