SAN FRANCISCO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Napco Security Technologies, Inc. (NASDAQ:NSSC) investors who suffered substantial losses to submit your losses now.
Class Period: Nov. 7, 2022 – Aug. 18, 2023
Lead Plaintiff Deadline: Oct. 30, 2023
Visit: www.hbsslaw.com/investor-fraud/NSSC
Contact An Attorney Now: NSSC@hbsslaw.com
844-916-0895
Napco Security Technologies, Inc. (NASDAQ:NSSC) Securities Fraud Class Action:
The complaint alleges that Defendants made false and misleading statements and failed to disclose Napco: (1) had not addressed material weaknesses in internal controls over its financial reporting of its cost of goods sold ("COGS") and inventory; (2) downplayed the severity of material weaknesses regarding its internal controls; (3) overstated inventory and understated COGS from Sept. 30, 2022 to the present; and (4) would need to restate certain of its previously filed unaudited financial statements.
The truth emerged on Aug. 18, 2023, when the company announced ...
NSSC) Securities Fraud Class Action>Full story available on Benzinga.com