The Gross Law Firm Notifies Shareholders of Napco Security Technologies, Inc. (NSSC) of a Class Action Lawsuit and an Upcoming Deadline

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][3]. Group 1: Allegations and Financial Impact - The allegations state 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 [3]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing it to reduced sales from two major distributors, which led to a retraction of their long-term 45% EBITDA margin target [3]. - 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 [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 5, 2024, to February 3, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is June 24, 2025, and there is no cost or obligation to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - 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 [5].