NSSC - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against NAPCO AeroVironment and DFS and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Sept. 17, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of NAPCO Security Technologies, Inc. (NASDAQ:NSSC), AeroVironment, Inc. (NASDAQ:AVAV), and Discover Financial Services (NYSE:DFS). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
NAPCO Security Technologies, Inc. (NASDAQ:NSSC)
Class Period: November 7, 2022 - August 18, 2023
Lead Plaintiff Deadline: October 30, 2023
According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) NAPCO failed to address any material weaknesses with internal controls regarding COGS and inventory; (2) NAPCO downplayed the severity of material weaknesses regarding their internal controls; (3) NAPCO's unaudited financial statements from September 30, 2022 to the present included "certain errors" such as overstating inventory and understanding net COGS, resulting in overstated gross profit, operating income and net income for each period; (4) as ...