LOS ANGELES, Aug. 28, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises NAPCO Security Technologies, Inc. (NASDAQ: NSSC) investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors. NAPCO investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On August 18, 2023, NAPCO Security Technologies announced after the market closed that it had identified a significant problem in its financial reporting controls. The issue pertained to errors in calculating both the cost of goods sold and inventory for the first three quarters of fiscal year 2023. As a result of this disclosure, NAPCO Security Technologies’ stock experienced a sharp decline of over 25% in after-hours trading on the same day.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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