NSSC - Lifshitz Law PLLC Announces Investigations of NAPCO Security Technologies Inc. (NASDAQ: NSSC) AeroVironment Inc. (NASDAQ: AVAV) Discover Financial Services (NYSE: DFS) and CS Disco Inc. (NYSE: LAW) | Benzinga
NEW YORK, Sept. 23, 2023 (GLOBE NEWSWIRE) --
NAPCO Security Technologies, Inc. (NASDAQ:NSSC)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) NAPCO failed to address any material weaknesses with internal controls regarding cost of goods sold ("COGS") and inventory; (ii) NAPCO downplayed the severity of material weaknesses regarding their internal controls; (iii) 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; (iv) as a result, NAPCO would need to restate its previously filed unaudited financial statements for certain periods; and (v) as a result, NAPCO's statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you are a NSSC investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
AeroVironment, Inc. (NASDAQ:AVAV)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or ...
NSSC), AeroVironment, Inc. (NASDAQ: AVAV), Discover Financial Services (NYSE: DFS), and CS Disco, Inc. (NYSE: LAW)>Full story available on Benzinga.com