NSSC CLASS ACTION ALERT: Hagens Berman Alerts Napco Security Technologies (NSSC) Investors to Pending Improper Accounting-Related Securities Fraud Lawsuit, Encourages Investors with Substantial Losses to Contact Firm’s Attorneys
News provided byHagens Berman Sobol Shapiro LLP
Sep 18, 2023, 8:34 PM ET
SAN FRANCISCO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Napco Security Technologies, Inc. (NASDAQ: NSSC) investors who suffered substantial losses and wish to serve as Lead Plaintiff to submit your losses now.
Class Period: Nov. 7, 2022 – Aug. 18, 2023
Lead Plaintiff Deadline: Oct. 30, 2023
Email NSSC@hbsslaw.com or call 844-916-0895
The complaint alleges that Defendants made false and misleading statements and failed to disclose that Napco continued to have material weaknesses in internal controls over its financial reporting of its cost of goods sold and inventory and would need to restate certain of its previously filed unaudited financial statements.
The truth emerged on Aug. 18, 2023, when the company announced that investors should no longer rely on certain previously filed financial statements, citing material overstatements of net income, and restatements were necessary.
If you invested in Napco Security Technologies and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Reed Kathrein, 844-916-0895
NOTE: This content is not written by or endorsed by "KSWB", its advertisers, or Nexstar Media Inc.