SIMO - DEADLINE ALERT for NSSC AVAV SIMO and DFS: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders | Benzinga
LOS ANGELES, Oct. 30, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.
Napco Security Technologies, Inc. (NASDAQ:NSSC)
Class Period: November 7, 2022 – August 18, 2023
Lead Plaintiff Deadline: October 30, 2023
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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 a result, Napco would need to restate its previously filed unaudited financial statements for certain periods; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you are a Napco Security shareholder who suffered a loss, click here to participate.
AeroVironment, Inc. (NASDAQ:AVAV)
Class Period: June 29, 2021 – December 7, 2021
Lead Plaintiff Deadline: October ...