{"id":838786,"date":"2025-04-17T10:11:41","date_gmt":"2025-04-17T14:11:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/"},"modified":"2025-04-17T10:11:41","modified_gmt":"2025-04-17T14:11:41","slug":"napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/","title":{"rendered":"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC"},"content":{"rendered":"
\n

PHILADELPHIA, April 17, 2025 (GLOBE NEWSWIRE) — The law firm of Kaskela Law LLC announces that it is investigating NAPCO Security Technologies, Inc. (NASDAQ: NSSC) (\u201cNAPCO\u201d or the \u201cCompany\u201d) on behalf of the company\u2019s long-term shareholders.<\/p>\n

\n
\n Click here to receive additional information about your legal rights and options: <\/em>
\n <\/strong>
\n
\n
\n https:\/\/kaskelalaw.com\/case\/napco\/<\/em>
\n <\/strong>
\n <\/a>\n <\/p>\n

Recently a securities fraud complaint was filed against NAPCO on behalf of certain investors who purchased shares of the Company\u2019s stock between November 7, 2022 and August 18, 2023. According to the complaint, during that time period NAPCO and certain of the Company\u2019s senior executive officers violated the securities laws when they \u201cengaged in a scheme to reverse-engineer and artificially manage NAPCO\u2019s financial results by retaining sold product at the end of the quarter and improperly counting it as inventory, which overstated the Company\u2019s reported inventory and understated its cost of goods sold\u2013\u2013and in turn, inflated NAPCO\u2019s income.\u201d<\/p>\n

On August 18, 2023, NAPCO announced that it would need to restate its interim financial statements for the first three quarters of fiscal 2023, and that its previously issued financial results for those quarters \u201cshould no longer be relied upon.\u201d The Company further disclosed that its inventories had been overstated and its cost of goods sold had been understated, \u201cresulting in overstated gross profit, operating income and net income,\u201d and admitted that a previously undisclosed material weakness existed in its internal controls over financial reporting.\u00a0\u00a0 Following this disclosure, shares of the NAPCO\u2019s stock fell $17.30 per share, or more than 45% in value, to close on August 21, 2023 at $21.11 per share, on unusually heavy trading volume.<\/em><\/strong><\/p>\n

The investigation seeks to determine whether the members of NAPCO\u2019s board of directors violated the securities laws and\/or breached their fiduciary duties in connection with the above alleged misconduct.<\/p>\n

\n
\n NAPCO shareholders who purchased or acquired their NSSC shares <\/em>
\n <\/strong>
\n
\n
\n prior to May 1, 2023<\/u>
\n <\/em>
\n <\/strong>
\n
\n are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 \u2013 0750 for additional information about this investigation and their legal rights and options. <\/em>
\n <\/strong>\n <\/p>\n

\n
\n Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):<\/em>
\n <\/strong>\n <\/p>\n

\n
\n
\n https:\/\/kaskelalaw.com\/case\/napco\/<\/em>
\n <\/strong>
\n <\/a>\n <\/p>\n

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, and has helped to recover hundreds of millions of dollars for aggrieved investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com<\/a>.<\/p>\n

\n CONTACT:<\/strong>\n <\/p>\n

\n KASKELA LAW LLC<\/strong>
\n
D. Seamus Kaskela, Esq.
(skaskela@kaskelalaw.com<\/a>)
Adrienne Bell, Esq.
(abell@kaskelalaw.com<\/a>)
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 \u2013 1740
(484) 229 \u2013 0750
www.kaskelalaw.com<\/a><\/p>\n

This notice may constitute attorney advertising in certain jurisdictions.\u00a0\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PHILADELPHIA, April 17, 2025 (GLOBE NEWSWIRE) — The law firm of Kaskela Law LLC announces that it is investigating NAPCO Security Technologies, Inc. (NASDAQ: NSSC) (\u201cNAPCO\u201d or the \u201cCompany\u201d) on behalf of the company\u2019s long-term shareholders. Click here to receive additional information about your legal rights and options: https:\/\/kaskelalaw.com\/case\/napco\/ Recently a securities fraud complaint was filed against NAPCO on behalf of certain investors who purchased shares of the Company\u2019s stock between November 7, 2022 and August 18, 2023. According to the complaint, during that time period NAPCO and certain of the Company\u2019s senior executive officers violated the securities laws when they \u201cengaged in a scheme to reverse-engineer and artificially manage NAPCO\u2019s financial results by retaining sold product at the end … <\/p>\n

Continue reading “NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC”<\/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-838786","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC - 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\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, April 17, 2025 (GLOBE NEWSWIRE) — The law firm of Kaskela Law LLC announces that it is investigating NAPCO Security Technologies, Inc. (NASDAQ: NSSC) (\u201cNAPCO\u201d or the \u201cCompany\u201d) on behalf of the company\u2019s long-term shareholders. Click here to receive additional information about your legal rights and options: https:\/\/kaskelalaw.com\/case\/napco\/ Recently a securities fraud complaint was filed against NAPCO on behalf of certain investors who purchased shares of the Company\u2019s stock between November 7, 2022 and August 18, 2023. According to the complaint, during that time period NAPCO and certain of the Company\u2019s senior executive officers violated the securities laws when they \u201cengaged in a scheme to reverse-engineer and artificially manage NAPCO\u2019s financial results by retaining sold product at the end … Continue reading "NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-17T14:11:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMzY4MyM2ODcwMzExIzIwOTk5MzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC\",\"datePublished\":\"2025-04-17T14:11:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/\"},\"wordCount\":466,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQyMzY4MyM2ODcwMzExIzIwOTk5MzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\\\/\",\"name\":\"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC - 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(NASDAQ: NSSC) (\u201cNAPCO\u201d or the \u201cCompany\u201d) on behalf of the company\u2019s long-term shareholders. Click here to receive additional information about your legal rights and options: https:\/\/kaskelalaw.com\/case\/napco\/ Recently a securities fraud complaint was filed against NAPCO on behalf of certain investors who purchased shares of the Company\u2019s stock between November 7, 2022 and August 18, 2023. According to the complaint, during that time period NAPCO and certain of the Company\u2019s senior executive officers violated the securities laws when they \u201cengaged in a scheme to reverse-engineer and artificially manage NAPCO\u2019s financial results by retaining sold product at the end … Continue reading \"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-17T14:11:41+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMzY4MyM2ODcwMzExIzIwOTk5MzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC","datePublished":"2025-04-17T14:11:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/"},"wordCount":466,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMzY4MyM2ODcwMzExIzIwOTk5MzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/napco-shareholder-alert-kaskela-law-llc-announces-investigation-of-napco-security-technologies-inc-and-encourages-long-term-investors-to-contact-the-firm-nssc\/","name":"NAPCO SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of NAPCO Security Technologies, Inc. and Encourages Long-Term Investors to Contact the Firm \u2013 NSSC - 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