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 ...

PLEASE CLICK HERE TO SUBMIT YOUR CONTACT INFORMATION NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  ("Wolf Haldenstein") announces the filing of a class action lawsuit against Napco Security Technologies, Inc. (NASDAQ: NSSC). This action is on behalf of investors who purchased Napco securities between February 5, 2024, and February 3, 2025, inclusive (“Class Period”). The lawsuit alleges that Napco made misleading statements about its financial performance, leading to ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to co ...

NEW YORK, May 05, 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 ...

Group 1 - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged securities fraud and unlawful business practices [2][4]. - Investors have until June 24, 2025, to request appointment as Lead Plaintiff if they purchased Napco securities during the Class Period [2]. - Napco reported a significant decline in hardware sales attributed to reduced sales from two major distributors, leading to the withdrawal of its long-term 45% EBITDA margin target [4]. Group 2 - Following the announcement of the financial results, Napco's stock price dropped by $9.77 per share, or 26.62%, closing at $26.93 per share on February 3, 2025 [4].

NEW YORK, May 5, 2025 /PRNewswire/ -- 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=146614&from=4CLA ...

NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to co ...