#United States #New York #Class Action #Gross Law Firm #NAPCO Security

Napco Security Technologies Class Action Lawsuit Alert

The Gross Law Firm has alerted investors concerning a class action lawsuit against Napco Security Technologies, Inc. (NASDAQ: NSSC) that could impact shareholders who purchased stocks during a specific class period.

Key Details of the Lawsuit

According to the notice issued by the Gross Law Firm on June 12, 2025, shareholders who bought shares of Napco Security Technologies from February 5, 2024, to February 3, 2025, are encouraged to come forward as there are potential claims for recovery. Investors should note that participation in the lawsuit does not require them to be appointed as lead plaintiffs, allowing them to join the class action and seek damages for their losses.

Background of Allegations

The lawsuit hinges on allegations that Napco's executives misled investors regarding the company’s anticipated growth and performance, particularly in its hardware division. In public statements, these defendants conveyed confidence about Napco's ability to meet growth projections for fiscal 2026 based on expected demand for its hardware products. However, when the company announced its second-quarter financial results for the fiscal year 2025 on February 3, 2025, it revealed a significant decline in hardware sales, attributing this downturn to lower sales from two major distributors. In addition to the sales slump, the company retracted its long-term target of achieving a 45% EBITDA margin, citing uncertainty about meeting this goal by the end of fiscal 2026. Consequently, Napco's stock plummeted over 26% in a single day, marking a shocking decline from $36.70 per share on January 31, 2024, to $26.93 per share following the announcement.

Urgent Deadline for Action

Shareholders must act before the deadline of June 24, 2025, to register for this class action class action. By signing up, investors will have access to portfolio monitoring software for updates on the case's progress. This action is essential for any shareholder looking to claim losses incurred during the pertinent period.

Why Choose the Gross Law Firm?

The Gross Law Firm is recognized nationally for advocacy on behalf of investors affected by fraudulent and deceptive practices in business operations. The firm maintains a commitment to promoting responsible corporate behavior and protecting investors’ rights. As part of their mission, they aim to achieve recovery for those who have suffered losses due to misleading statements or omissions from companies that artificially inflated stock values.

Next Steps for Shareholders

Shareholders interested in participating in the lawsuit should act promptly to register their information for potential recovery. The Gross Law Firm emphasizes that engagement in this litigation comes with no fees or obligations at this stage. For assistance, shareholders can reach out to the Gross Law Firm's provided contact information.

Contact Information

For inquiries and to register, please reach out via the contact information below:

• - Phone: (646) 453-8903
• - Email: [email protected]
• - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY 10018

Final Thoughts

Investors of Napco Security Technologies are strongly advised to pay attention to these developments as they navigate through the class action lawsuit landscape. Being informed and proactive is crucial in these instances where company transparency and investor trust are at stake.