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Kuehn Law Encourages Investors of Napco Security Technologies, Inc. to Contact Law Firm
GlobeNewswire News Room· 2025-07-02 14:24
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Napco Security Technologies, Inc. related to misrepresentation of the company's growth and hardware division performance [1][2]. Group 1: Legal Investigation - Kuehn Law is looking into whether certain insiders at Napco Security misrepresented the company's expected growth and strength in its hardware division [2]. - The investigation is prompted by a federal securities lawsuit alleging that insiders caused the company to misrepresent its ability to meet fiscal 2026 growth projections [2]. Group 2: Shareholder Information - Shareholders who purchased NSSC shares prior to February 5, 2024, are encouraged to contact Kuehn Law for potential legal action [3]. - Kuehn Law covers all case costs and does not charge its investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4].
NAPCO ALERT: Bragar Eagel & Squire, P.C. is Investigating Napco Security Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-27 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Napco Security Technologies, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Company Performance and Misleading Statements - Napco Security Technologies made false and misleading statements regarding its growth projections based on customer demand for hardware products [2] - The company reported a reduction in sales for hardware products in its second quarter financial results on February 3, 2025, despite previous optimism [2] - The sales shortfall was attributed to reduced sales from two of the company's larger distributors, leading to a retraction of the long-term EBITDA margin target of 45% [2] Group 2: Legal Investigation and Shareholder Rights - The class action complaint has a Class Period from February 5, 2024, to February 3, 2025, during which the company's public statements were deemed materially misleading [2] - Long-term stockholders of Napco are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and the ongoing investigation [3]
NSSC DEADLINE ALERT: Napco (NSSC) Investors Alerted to Today's Lead Plaintiff Deadline in Securities Class Action – Hagens Berman
GlobeNewswire News Room· 2025-06-24 16:32
Core Allegations - Napco Security Technologies allegedly misled investors regarding its financial health and growth prospects, particularly in hardware sales forecasting and distribution network [2][5] - The lawsuit claims that investors paid inflated prices for shares due to these misrepresentations [2][5] Investigation and Legal Action - Hagens Berman is actively investigating the allegations against Napco, focusing on potential misleading statements about sales forecasting and distribution practices [3] - The lead plaintiff deadline for the federal securities class action lawsuit is June 24, 2025, which is crucial for investors who suffered significant losses [4] Financial Impact - Napco's Q2 fiscal 2025 results revealed a sharp decline in hardware sales, attributed to major distributors reducing inventory, leading to a stock price drop of approximately 26.62% on February 3, 2025 [5] - Following the disclosure of these issues, Napco retracted its long-term EBITDA margin target of 45%, indicating uncertainty about achieving it by fiscal 2026 [5]
Notice to Napco (NSSC) Investors: June 24 Investor Deadline in Napco Securities Class Action – Hagens Berman
GlobeNewswire News Room· 2025-06-18 18:40
Core Viewpoint - Napco Security Technologies is facing a federal securities class action lawsuit due to allegations of misleading investors about its financial health and growth prospects, particularly regarding hardware sales forecasting and distribution network vulnerabilities [2][3][5]. Group 1: Allegations and Investigation - The lawsuit claims that Napco's management presented an overly optimistic view of the company's financial situation, leading to artificially inflated stock prices during the class period from February 5, 2024, to February 3, 2025 [2][5]. - Hagens Berman is actively investigating these allegations, focusing on whether Napco misled investors about its sales forecasting and distribution practices [3][5]. - The firm encourages investors who suffered losses to step forward, as this could enhance the collective effort to hold Napco accountable [4]. Group 2: Financial Performance and Impact - Napco allegedly overstated its growth and hardware division performance, suggesting it could meet ambitious fiscal 2026 targets despite undisclosed vulnerabilities in its distribution network [5]. - The company reportedly failed to disclose its heavy reliance on a few large distributors, which made it vulnerable to inventory adjustments by these distributors [5]. - Following the release of its Q2 fiscal 2025 results on February 3, 2025, which showed a significant decline in hardware sales, Napco's stock price dropped approximately 26.62% in one day, from $36.70 to $26.93 per share [5].
Shareholders of Napco Security Technologies, Inc. Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights - NSSC
Prnewswire· 2025-06-16 09:45
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]. Group 1: Allegations and Financial Impact - The lawsuit 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]. - Following the announcement of a significant decline in hardware sales attributed to reduced sales from two major distributors, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving it by the end of fiscal 2026 [1]. - Napco's stock price experienced a dramatic decline of approximately 26.62%, dropping from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, in just one day [1]. Group 2: Class Action Participation - Shareholders who purchased shares of NSSC during the specified class period (February 5, 2024, to February 3, 2025) are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 24, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, with 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].
NSSC Deadline: NSSC Investors with Losses in Excess of $100K Have Opportunity to Lead NAPCO Security Technologies, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-06-13 22:10
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, for a class action lawsuit [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 interested parties must move the Court to serve as lead plaintiff 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: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting their own achievements in recovering hundreds of millions for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and securing over $438 million for investors in 2019 [4]. Group 3: Case Allegations - 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 were unrealistic, as the company was unable to accurately forecast product demand, leading to investor damages when the true situation was revealed [5].
Napco Security Technologies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 24, 2025 to Discuss Your Rights – 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]
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Napco Security Technologies, Inc.(NSSC) Shareholders
Prnewswire· 2025-06-13 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] Group 1: Lawsuit Details - The lawsuit aims to recover losses for Napco investors who were 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 was 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 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 history of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Napco Security Technologies, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before June 24, 2025 to Discuss Your Rights - NSSC
Prnewswire· 2025-06-09 09:45
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 demand forecasts [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]. Stock Performance - Following the announcement of disappointing 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 [1]. Class Action Details - Shareholders who purchased shares during the specified class period (February 5, 2024, to February 3, 2025) are encouraged to register for the class action, with a deadline for lead plaintiff applications set for June 24, 2025 [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices that inflate stock prices [3].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Napco Security Technologies
Prnewswire· 2025-06-06 14:04
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 [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Napco between February 5, 2024, and February 3, 2025, to discuss their legal rights [1]. - There is a deadline of June 24, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Napco [2]. Group 2: Financial Performance - Napco announced a significant reduction in hardware sales for the second quarter of fiscal 2025, attributing the decline primarily to reduced sales from two larger distributors [5]. - Following the announcement, 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 [6]. Group 3: Company Statements - The complaint alleges that Napco and its 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 [4]. - The company has also pulled back its long-term 45% EBITDA margin target, indicating uncertainty about achieving this target by the end of fiscal 2026 [5].