Investors in Napco Security Technologies Advised to Join Class Action Lawsuit

Investors who have suffered financial losses in Napco Security Technologies, Inc. (NASDAQ: NSSC) are encouraged to contact the law firm Levi & Korsinsky, LLP regarding an ongoing class action lawsuit. This legal effort is directed at addressing potential securities fraud claims that have affected investors from February 5, 2024, to February 3, 2025.

Understanding the Class Action Lawsuit

The class action aims to recover losses incurred by Napco shareholders, specifically those impacted by alleged misleading statements regarding the company's financial health and growth prospects. In particular, the lawsuit arises from a notable disparity between the company's projected growth in its hardware division and its actual performance. The complaint states that the defendants—who made these statements—provided assurances about Napco's capability to meet its fiscal 2026 growth targets.

On February 3, 2025, Napco disclosed its financial results for the second quarter of fiscal 2025. The report outlined a disappointing decline in hardware sales due to reduced orders from key distributors. Following this announcement, Napco’s stock plunged by approximately 26.62%, falling from $36.70 per share to $26.93 within a single day. Investors who bought shares during this period are eligible to participate in the class action suit, which they can join without the requirement to act as lead plaintiffs.

How to Participate

Affected investors have until June 24, 2025, to request appointment as lead plaintiffs within the lawsuit. Participation in the class action comes at no out-of-pocket cost to investors—meaning they can seek compensation without financial risk. Levi & Korsinsky emphasizes its commitment to securing justice and recovery for impacted shareholders.

Why Choose Levi & Korsinsky?

With a strong track record of success in securities litigation over the past two decades, Levi & Korsinsky has recovered hundreds of millions of dollars for shareholders nationwide. Their expertise in handling complex securities cases is bolstered by a dedicated team of over 70 professionals. The firm has been recognized in ISS Securities Class Action Services' Top 50 Report as one of the leading securities litigation firms in the United States for seven consecutive years.

If you believe you are a victim of Napco’s reported securities fraud, it’s imperative to act swiftly. Contacting Levi & Korsinsky can provide you with the necessary guidance to help reclaim your losses. Shareholders are urged to reach out via email or by phone to discuss further steps.

For more details, investors can visit the Levi & Korsinsky website or contact Attorney Joseph E. Levi at (212) 363-7500.

This lawsuit represents a critical opportunity for Napco investors to seek accountability and potentially reclaim their investments. Don’t delay—make sure your voice is heard in this pivotal moment of corporate governance and investor rights.