Napco Security Technologies Faces Class Action Lawsuit: Contact Levi & Korsinsky

Levi & Korsinsky, LLP announces that a class action lawsuit has been filed on behalf of investors who purchased Napco Security Technologies, Inc. (NSSC) securities between May 22, 2019 and February 2, 2022.

The lawsuit alleges that Napco Security Technologies made false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing a decrease in demand for its products; (2) the Company had decreased the prices of its products and significantly increased its customer support costs; (3) as a result, the Company’s gross margins were “in the range of 30% to 25%; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

If you suffered a loss in Napco Security Technologies, you have until June 24, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please contact Levi & Korsinsky, LLP (Matthew E. Guarnero or Marion Passmore) at (877) 363-5972 or by email at [email protected] or [email protected].

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.