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Napco Security Technologies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 24, 2025 to Discuss Your Rights – NSSC
NAPCO Security TechnologiesNAPCO Security Technologies(US:NSSC) GlobeNewswire News Room·2025-06-13 17:18

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] 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, but a significant decline in hardware sales was reported on February 3, 2025, attributed to reduced sales from two major distributors [2] - Following the disappointing financial results, 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 any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and being recognized as a top securities litigation firm in the U.S. for seven consecutive years [4]