#United States #New York #Class Action #Securities Fraud #NAPCO Technologies

Class Action Lawsuit Announcement

On June 17, 2025, the law firm _Levi & Korsinsky, LLP_ publicly announced the initiation of a class action lawsuit targeting Napco Security Technologies, Inc. (NASDAQ: NSSC). This legal action aims to support investors who sustained losses attributed to claimed securities fraud that occurred between February 5, 2024, and February 3, 2025. As the deadline for participation approaches—set for June 24, 2025—affected investors are encouraged to join this legal effort.

Class Definition and Case Details

The class action lawsuit is designed for Napco investors adversely impacted by misleading information disseminated by the company regarding its expected growth trajectory, particularly in its hardware division. According to the complaint, the defendants provided inflated assurances concerning Napco's potential average growth and expressed confidence in achieving hefty profit margins for the fiscal year of 2026.

Crucially, on February 3, 2025, Napco disclosed its financial performance for the second fiscal quarter of 2025, revealing a drastic decline in hardware sales, which the company attributed to reduced demand from two significant distributors. This unexpected downturn prompted Napco to retract its ambitious long-term EBITDA margin target of 45%, citing uncertainty about meeting this benchmark by the conclusion of fiscal 2026. Following this revelation, Napco’s stock price plummeted by approximately 26.62%, dropping from a closing price of $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025—a catastrophic loss for its investors in a single day.

Call to Action

Investors who believe they have incurred losses connected to Napco's stock during this defined period should act quickly. The law firm emphasizes that individuals have until June 24, 2025, to express their interest in becoming lead plaintiffs in the class action suit. Notably, participation in the action does not require being the lead plaintiff to benefit from any potential recovery that might arise from the lawsuit.

Cost-Free Participation

Levi & Korsinsky asserts that individuals qualifying as class members do not need to bear any out-of-pocket expenses to partake in this action. They emphasize that there is no cost or obligation to file a claim, inviting affected investors to come forward without worry about financial drawbacks.

Experience and Expertise

For over two decades, Levi & Korsinsky has built a strong reputation in securing substantial recoveries for aggrieved shareholders involved in complex securities litigation cases. The firm’s extensive experience, underscored by its ranking as one of the top securities litigation firms in the United States, provides assurance to potential class members that they are partnering with experts in the field. The firm has successfully recovered hundreds of millions of dollars for investors over the years and employs a team of over 70 dedicated professionals ready to assist clients.

Contact Information

Interested investors may contact the firm directly for additional information:

• - Joseph E. Levi, Esq.
• - Levi & Korsinsky, LLP

33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171

For more details and to submit your request, visit the Levi & Korsinsky website today.

This class action lawsuit represents a crucial opportunity for investors impacted by Napco Security Technologies, Inc. to seek justice and potentially recover their losses. The approaching deadline emphasizes the urgency for affected investors to act without delay.