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].

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].

Core Viewpoint - Napco Security Technologies, Inc. is facing a class action lawsuit due to alleged securities fraud that impacted investors between February 5, 2024, and February 3, 2025 [1][2] Company Performance - The lawsuit claims that Napco misled investors regarding its expected growth and strength in the hardware division, particularly its ability to meet fiscal 2026 growth projections [2] - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this to reduced sales from two major distributors [2] - 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 [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the class action [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 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]

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].

NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Napco Security Technologies, Inc. (NASDAQ: NSSC). Shareholders who purchased shares of NSSC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/napco-security-technologies-inc-loss-submission-form/?id=147736&f ...

Core Viewpoint - Investors in Napco Security Technologies, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that from February 5, 2024, to February 3, 2025, the Company failed to disclose its inability to accurately forecast product demand, which misled investors regarding its business prospects [3]. - The complaint claims that the Company's positive statements about its operations and future were materially misleading and lacked a reasonable basis [3]. Group 2: Participation Information - Investors who suffered losses are encouraged to contact the Law Offices of Howard G. Smith before June 24, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals do not need to take any immediate action to be part of the class action and may choose to retain counsel or remain absent [5].

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][8]. 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 major 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: Company Statements - The complaint alleges that Napco's executives made false statements regarding the company's expected growth and the strength of its hardware division, including confidence in achieving fiscal 2026 growth projections [5]. - The company has retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving this goal by the end of fiscal 2026 [6].

Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into NAPCO Security Technologies, Inc. following significant financial misstatements and a securities class action lawsuit against the company [1][3]. Financial Misstatements - NAPCO disclosed a material weakness in its internal controls over financial reporting for the first three quarters of fiscal 2023, leading to overstated inventories and understated cost of goods sold (COGS) [2]. - The company confirmed that net income was overstated by as much as 114.97%, income per share by 112.5%, operating income by 118.02%, and gross profit and gross margins by 35.59% [2]. Legal Proceedings - NAPCO is facing a securities class action lawsuit for failing to disclose material information, with the court recently denying the company's motion to dismiss the case [3]. - The investigation by KSF is focused on potential breaches of fiduciary duties by NAPCO's officers and/or directors, as well as violations of state or federal laws [3].

NEW YORK, May 08, 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 ...

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Napco Security Technologies, Inc. (NASDAQ: NSSC). Shareholders who purchased shares of NSSC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/napco-security-technologies-inc-loss-submission-form/?id=147116&f ...