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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]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Napco Security Technologies, Inc. of Class Action Lawsuit and Upcoming Deadlines - NSSC
GlobeNewswire News Room· 2025-05-05 15:01
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].