The Schall Law Firm, a national shareholder rights litigation firm, has announced a class action lawsuit against Napco Security Technologies, Inc. (“Napco” or “the Company”) NSSC. This lawsuit addresses violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5 enforced by the U.S. Securities and Exchange Commission.

Investors who purchased Napco’s securities between February 5, 2024, and February 3, 2025, inclusive (the “Class Period”), should contact the firm before June 24, 2025, for potential participation.

Shareholders who have experienced losses are encouraged to participate in the case.

For a free consultation regarding your rights, contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or call 310-301-3335. You can also reach the firm through their website or email at [email protected].

The class action has not yet been certified. Until certification occurs, potential plaintiffs are not currently represented by an attorney. Those who opt not to participate may remain as absent class members.

The complaint alleges that Napco made false and misleading statements regarding its market performance. Despite expressing confidence in its growth projections driven by customer demand, the Company reported reduced hardware product sales on February 3, 2025. This decline was attributed to decreased sales from two major distributors. Subsequently, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty over its achievability. These public statements are asserted to be false and materially misleading throughout the Class Period, causing investor damages once the truth became apparent.

Investors are encouraged to join the lawsuit to seek recovery for losses incurred during the Class Period.

The Schall Law Firm focuses on representing investors globally, specializing in securities class action lawsuits and shareholder rights initiatives.

This press release may be interpreted as Attorney Advertising in certain jurisdictions under applicable laws and ethical rules.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20250426729146/en/

The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]