NAPCO Security Technologies(NSSC) Prnewswire·2025-04-29 09:45Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud impacting 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 affected by the alleged fraud [1]. - Defendants allegedly misled investors regarding Napco's growth expectations and the strength of its hardware division, claiming confidence in achieving fiscal 2026 growth projections [2]. - 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 [2]. Group 2: Stock Performance - Following the announcement of disappointing financial results, Napco's stock price plummeted from 26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in one day [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, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [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 and consistently ranking among the top securities litigation firms in the U.S. [4].