Napco Security Technologies, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Napco Security Technologies, Inc. |
Ticker: | Ticker: NSSC |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Napco Security Technologies, Inc. (“Napco” or the “Company”) (NASDAQ: NSSC). The investigation concerns whether Napco and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On September 5, 2024, Fuzzy Panda Research published a report alleging Napco has engaged in accounting fraud and financial manipulation, stating: “We interviewed former employees, competitors, and industry leaders who repeatedly cast doubt on Napco’s reported financials and corroborated one another.” On this news, the price of Napco shares declined by $8.89, or approximately 20.5%, from $43.39 on September 4, 2024, to close at $34.50 on September 5, 2024.
On September 5, 2024, Fuzzy Panda Research published a report alleging Napco has engaged in accounting fraud and financial manipulation, stating: “We interviewed former employees, competitors, and industry leaders who repeatedly cast doubt on Napco’s reported financials and corroborated one another.” On this news, the price of Napco shares declined by $8.89, or approximately 20.5%, from $43.39 on September 4, 2024, to close at $34.50 on September 5, 2024.