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Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 24, 2025 in Napco Security Technologies, Inc. Lawsuit - NSSC
NSSCNAPCO Security Technologies(NSSC) Prnewswire·2025-06-06 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 information 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 fell from 36.70onJanuary31,2024,to36.70 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, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]