Latest news with #NSSC
Business Wire
19 hours ago
- Business
- Business Wire
Deadline Soon: Napco Security Technologies, Inc. (NSSC) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz reminds investors of the upcoming June 24, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Napco Security Technologies, Inc. ('Napco' or the 'Company') (NASDAQ: NSSC) securities between , inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO LOST MONEY ON NAPCO SECURITY TECHNOLOGIES, INC. (NSSC), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT. What Happened? On February 3, 2025, Napco released its second quarter fiscal 2025 financial results, revealing a reduction in hardware sales due 'primarily … to reduced sales from 2 of the company's larger distributors.' The Company pulled back their long-term 45% EBITDA margin target, stating that it '[doesn't] know' if the target can be reached by the end of fiscal 2026. On this news, Napco's stock price fell $9.77, or 26.6%, to close at $26.93 per share on February 3, 2025, thereby injuring investors. What Is The Lawsuit About? 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) the Company was simply not equipped to adequately forecast demand for its products or otherwise minimized the impact of potential demand fluctuations to continue to promote its lofty margin projections which relied upon continually increased sales volumes; and (2) 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 purchased or otherwise acquired Napco securities between February 5, 2024 to February 3, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is June 24, 2025. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Email us at: info@ Call us at: 310-914-5007 Visit our website at Follow us for updates on Twitter: If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
South China Morning Post
2 days ago
- Science
- South China Morning Post
China to lead global space weather network to monitor dangerous solar eruptions
China has set out to lead the construction of the world's most comprehensive space weather monitoring and warning network, an ambitious ground-based system comprising the largest chain of observatories on Earth, passing through more than 10 countries and regions. The International Meridian Circle Programme (IMCP) is aimed at building a matrix of surveillance stations to better understand and forecast solar activity such as solar storms, which can severely disrupt satellite communications , navigation and power grids on Earth. The programme covers a huge section of the Earth – extending halfway around the planet and forming the largest network of observatories ever built. The project, which according to the IMCP website does not include the United States, was officially launched at a forum during the second Belt and Road Conference on Science and Technology Exchange in Chengdu, in southwest China's Sichuan province, on June 12. The Post has contacted the scientists in charge of the initiative for comment. During the forum, five more organisations – including the Scientific Committee on Solar-Terrestrial Physics, under the International Science Council – as well as research institutes from South Korea, Nigeria, Thailand and Uganda, signed cooperation agreements with the National Space Science Centre (NSSC) under the Chinese Academy of Sciences, the lead institute of the project.
CTV News
4 days ago
- Business
- CTV News
N.S. RCMP warns of cryptocurrency scam after Eastern Passage man loses $150K
Police say a man in Eastern Passage, N.S. has lost more than $150,000 in a cryptocurrency scam. The RCMP is warning the public after responding to a report of fraud on June 13. Investigators learned the man was contacted through email and social media to invest in cryptocurrency and was then defrauded of the money. Cryptocurrency scams are becoming more common and often appear to be legitimate investment platforms, said the RCMP in a news release Tuesday. Police stress the importance of due diligence when considering investment opportunities and suggest these tips to avoid becoming a victim: Be cautious: be wary of anyone offering high-reward, low-risk investment opportunities. If it sounds too good to be true, it's probably a scam. Do your research: take the time to investigate an investment opportunity. Anyone who trades or advises on securities in Nova Scotia must be registered with the Nova Scotia Securities Commission (NSSC). If someone isn't registered with the NSSC or another Canadian securities regulator, it's likely they're a scammer. Get advice: remember that in Canada, cryptocurrencies are currently unregulated and aren't covered by the Canada Deposit Insurance Corp. When in doubt, seek advice from a reputable financial institution. Suspected investment fraud can be reported to local police or the Canadian Anti-Fraud Centre. For more Nova Scotia news, visit our dedicated provincial page
Associated Press
12-06-2025
- Business
- Associated Press
NSSC INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces That NAPCO Security Technologies, Inc. Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK - June 12, 2025 ( NEWMEDIAWIRE ) - Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against NAPCO Security Technologies, Inc. ('NAPCO' or 'the Company') (NASDAQ: NSSC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired NAPCO securities between February 5, 2024 and February 3, 2025, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: Case Details The complaint alleges that Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of NAPCO's ability to forecast the demand for its products or otherwise the true state of NAPCO's negotiating position with distributors; notably, that, despite making lofty long-term projections and claiming one-off setbacks to hardware sales, NAPCO's forecasting processes fell short as sales continued to decline and, ultimately, derailed the Company's long-term projections. The Complaint adds that such statements absent these material facts caused Plaintiff and other shareholders to purchase NAPCO's securities at artificially inflated prices. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 . If you suffered a loss in NAPCO you have until June 24, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn , X , Facebook , or Instagram . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | [email protected] View the original release on
Malaysian Reserve
06-06-2025
- Business
- Malaysian Reserve
Shareholders that lost money on Napco Security Technologies, Inc. (NSSC) Urged to Join Class Action
NEW YORK, June 5, 2025 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of Napco Security Technologies, Inc. (NASDAQ: NSSC). Shareholders who purchased shares of NSSC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: CLASS PERIOD: February 5, 2024 to February 3, 2025 ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Napco's overall expected growth and strength in the Company's hardware division. Defendants' statements included, among other things, confidence in Napco's ability to achieve its fiscal 2026 growth projections on back of its ability to both appropriately forecast and execute upon the alleged demand for its hardware products. On February 3, 2025, Napco announced its financial results for the second quarter of fiscal 2025, revealing a significant reduction in hardware sales for the quarter. The Company attributed the decline 'primarily … to reduced sales from 2 of the company's larger distributors.' As a result of the setback in sales, defendants additionally pulled back their long-term 45% EBITDA margin target, as they 'don't know' if the target can be achieved by the end of fiscal 2026. Following this news, Napco's common stock declined dramatically. From a closing market price of $36.70 per share on January 31, 2024, Napco's stock price fell to $26.93 per share on February 3, 2025, a decline of about 26.62% in the span of just a single day. DEADLINE: June 24, 2025 Shareholders should not delay in registering for this class action. Register your information here: NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of NSSC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 24, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: dg@ (646) 453-8903
