Boston, Massachusetts–(Newsfile Corp. – September 25, 2023) – A class action lawsuit has been filed against NAPCO Security Technologies, Inc. NASDAQ: NSSC for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/nssc.
What is this all about?
After the market closed on August 18, 2023, NAPCO Security Technologies disclosed a material weakness in its controls over financial reporting. The Company identified errors related to its calculation of cost of goods sold and inventory for the first three quarters of fiscal year 2023.
Shares of NAPCO Security Technologies stock dropped more than 25% in afterhours trading on August 18, 2023.
Who is eligible?
Anyone who purchased NAPCO Security Technologies stock between November 7, 2022 and August 18, 2023, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is October 30, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/181806