{"id":787145,"date":"2023-09-29T13:13:59","date_gmt":"2023-09-29T17:13:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-napco-security-technologies-inc-nssc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-3\/"},"modified":"2023-09-29T13:13:59","modified_gmt":"2023-09-29T17:13:59","slug":"shareholder-alert-levi-korsinsky-notifies-napco-security-technologies-inc-nssc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-napco-security-technologies-inc-nssc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-3\/","title":{"rendered":"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. (NSSC)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Sept.  29, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in <strong>NAPCO Security Technologies, Inc.<\/strong> (&#8220;NAPCO&#8221; or the &#8220;Company&#8221;) (NASDAQ: NSSC) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of NAPCO investors who were adversely affected by alleged securities fraud between November 7, 2022 and August 18, 2023. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/zlk.com\/pslra-1\/napco-lawsuit-submission-form?prid=49874&amp;wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/napco-lawsuit-submission-form?prid=49874&amp;wire=3<\/a>\n      <\/p>\n<p>\n        <strong>NSSC<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed that: (1) NAPCO failed to address any material weaknesses with internal controls regarding cost of goods sold (&#8220;COGS&#8221;) and inventory; (2) NAPCO downplayed the severity of material weaknesses regarding their internal controls; (3) NAPCO\u2019s unaudited financial statements from September 30, 2022 to the present included \u201ccertain errors\u201d such as overstating inventory and understanding net COGS, resulting in overstated gross profit, operating income and net income for each period; (4) as a result, NAPCO would need to restate its previously filed unaudited financial statements for certain periods; and (5) as a result, defendants\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>\n        <strong>WHAT&#8217;S NEXT? <\/strong>If you suffered a loss in NAPCO during the relevant time frame, you have until <strong>October 30, 2023<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>33 Whitehall Street, 17th Floor<br \/>New York, NY 10004<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a><br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"http:\/\/www.zlk.com\" rel=\"nofollow noopener\" target=\"_blank\">www.zlk.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDcxMSM1ODM4NzQzIzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTkyM2M5ZjUtMjNmYy00NmRjLTgxYjItMzZhYzRiNGZkOWNlLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in NAPCO Security Technologies, Inc. (&#8220;NAPCO&#8221; or the &#8220;Company&#8221;) (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NAPCO investors who were adversely affected by alleged securities fraud between November 7, 2022 and August 18, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/napco-lawsuit-submission-form?prid=49874&amp;wire=3 NSSC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (1) NAPCO failed to address any material weaknesses with internal controls &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-napco-security-technologies-inc-nssc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. (NSSC)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787145","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. (NSSC)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-napco-security-technologies-inc-nssc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. (NSSC)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in NAPCO Security Technologies, Inc. (&#8220;NAPCO&#8221; or the &#8220;Company&#8221;) (NASDAQ: NSSC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NAPCO investors who were adversely affected by alleged securities fraud between November 7, 2022 and August 18, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/napco-lawsuit-submission-form?prid=49874&amp;wire=3 NSSC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (1) NAPCO failed to address any material weaknesses with internal controls &hellip; Continue reading &quot;SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NAPCO investors who were adversely affected by alleged securities fraud between November 7, 2022 and August 18, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/napco-lawsuit-submission-form?prid=49874&amp;wire=3 NSSC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (1) NAPCO failed to address any material weaknesses with internal controls &hellip; Continue reading \"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies NAPCO Security Technologies, Inc. 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