Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged violations of federal securities laws, particularly concerning misleading statements about growth projections and sales performance [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Napco made false and misleading statements regarding its confidence in growth projections based on customer demand for hardware products [2]. - Financial results announced on February 3, 2025, indicated a reduction in sales for hardware products, contradicting previous optimistic statements [2]. - The company attributed the sales shortfall to reduced sales from two of its larger distributors and subsequently retracted its long-term EBITDA margin target of 45%, stating uncertainty about its achievability [2]. Group 2: Shareholder Information - Shareholders who purchased securities during the class period from February 5, 2024, to February 3, 2025, are encouraged to contact the law firm for participation in the lawsuit [1][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents large hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].
NSSC Shareholders Have the Right to Lead the Napco Security Technologies, Inc. Securities Lawsuit - Contact the DJS Law Group Before the Final Deadline - NSSC