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ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-05-20 20:59
Core Viewpoint - Rosen Law Firm is reminding investors who purchased NAPCO Security Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on June 24, 2025 [1]. Group 1: Class Action Details - Investors who purchased NAPCO securities between February 5, 2024, and February 3, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by June 24, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Case Background - The lawsuit alleges that NAPCO made false and misleading statements regarding its revenue outlook and growth potential, downplaying risks associated with seasonality and macroeconomic factors [5]. - It is claimed that NAPCO's optimistic margin growth goals and reassurances about hardware sales did not align with reality, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
The Gross Law Firm Reminds Napco Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 - NSSC
Prnewswire· 2025-05-19 19:01
Core Viewpoint - The Gross Law Firm is notifying 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][2]. Summary by Relevant Sections Allegations - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth targets based on expected demand for hardware products [1]. - Following the announcement of a significant decline in hardware sales attributed to reduced sales from two major distributors, the company retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this target by the end of fiscal 2026 [1]. Financial Impact - Napco's stock price experienced a dramatic decline from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by June 24, 2025, to participate in potential recovery efforts [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Napco Lawsuit – NSSC
GlobeNewswire News Room· 2025-05-19 17:19
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].
NSSC Investors Have the Opportunity to Lead the Napco Security Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-05-18 12:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and misleading statements regarding the company's growth and hardware division performance, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by June 24, 2025 [2][4]. Company Overview - Napco Security Technologies, Inc. is publicly traded on NASDAQ under the ticker NSSC [2]. - The company has faced significant scrutiny following a substantial decline in hardware sales, attributed to reduced sales from two major distributors [5]. Financial Performance - On February 3, 2025, Napco reported a significant reduction in hardware sales for the second quarter of fiscal 2025, leading to a retraction of its long-term EBITDA margin target of 45% [5]. - The company'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 [6]. Legal Proceedings - A federal securities class action has been filed against Napco, with the firm encouraging investors who suffered losses between February 5, 2024, and February 3, 2025, to discuss their legal options [1][2]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members [7]. Call for Information - Faruqi & Faruqi is seeking information from whistleblowers, former employees, and shareholders regarding Napco's conduct [8].
Investors who lost money on Napco Security Technologies, Inc.(NSSC) should contact Levi & Korsinsky about pending Class Action - NSSC
Prnewswire· 2025-05-16 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were negatively impacted by misleading statements regarding the company's growth and hardware division performance [2]. - Defendants expressed confidence in Napco's ability to meet fiscal 2026 growth projections, which were later contradicted by a significant decline in hardware sales reported on February 3, 2025 [2]. - Following the announcement of reduced hardware sales and a retraction of the long-term 45% EBITDA margin target, 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 serving as a lead plaintiff [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars 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 one of the leading securities litigation firms in the United States [4].
The Gross Law Firm Reminds Napco Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 24, 2025 – NSSC
GlobeNewswire News Room· 2025-05-15 17:44
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]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 5, 2024, to February 3, 2025 [3]. - Allegations include that defendants provided investors with misleading information about Napco's expected growth and strength in its hardware division, claiming confidence in achieving fiscal 2026 growth projections [3]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing it to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [3]. Stock Performance - Following the announcement of poor financial results, 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 [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 24, 2025, to participate in the case without any cost or obligation [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) should contact The Gross Law Firm about pending Class Action - NSSC
Prnewswire· 2025-05-15 09:45
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]. Group 1: Allegations and Financial Impact - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and hardware division strength, claiming confidence in achieving fiscal 2026 growth targets [1]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this primarily to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [1]. - 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 just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of NSSC during the class period from February 5, 2024, to February 3, 2025, are encouraged to register for the class action, with a deadline set for June 24, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress, and there is no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - 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 that inflated stock prices [3].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
GlobeNewswire News Room· 2025-05-14 18:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Napco Security Technologies, Inc. due to allegations of false and 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 discuss their legal options [1]. - A federal securities class action has been filed against Napco, with a deadline of June 24, 2025, for investors to seek the role of lead plaintiff [3]. Group 2: Allegations Against Napco - The complaint alleges that Napco and its executives violated federal securities laws by failing to disclose material information about the company's expected growth and hardware division strength [5]. - Napco's financial results for the second quarter of fiscal 2025 showed a significant reduction in hardware sales, attributed to decreased sales from two major distributors [6]. Group 3: Stock Performance - 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].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-05-13 16:28
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Napco Security Technologies, Inc. ("Napco" or the "Company") (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Napco investors who were adversely affected by alleged securities fraud between February 5, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/napco-securit ...
Levi & Korsinsky Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - NSSC
Prnewswire· 2025-05-13 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1][2]. Company Performance - The lawsuit claims that Napco's management provided misleading information regarding the company's expected growth and strength in its hardware division, which contributed to investor losses [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing the drop primarily to reduced sales from two major distributors [2]. - Following the disappointing financial results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this goal by the end of fiscal 2026 [2]. Stock Market Impact - Napco's stock price experienced a dramatic decline, falling from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day [2]. Legal Proceedings - 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 for class members [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].