Ademi LLP Investigates Claims of Securities Fraud against NAPCO Security Technologies, Inc.

MILWAUKEE, Aug. 21, 2023 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against NAPCO (Nasdaq: NSSC). The investigation results from inaccurate statements NAPCO may have made regarding its accounting, business operations and prospects.

Click here to learn more about the investigation: https://www.ademilaw.com/case/napco-security-technologies-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

The investigation focuses on NAPCO's disclosure that its financial statements for the fiscal quarters ended September 30, 2022, December 31, 2022 and March 31, 2023, respectively, included in the Company's quarterly report on Form 10-Q for such respective quarters, should no longer be relied upon. Specifically, NAPCO disclosed that its inventories were overstated and COGS was understated, resulting in overstated gross profit, operating income and net income for each period.

If you wish to obtain additional information or have information about this investigation, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, https://www.ademilaw.com/case/napco-security-technologies-inc.                    

We specialize in securities fraud and shareholder litigation.  For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Ademi LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com

SOURCE Ademi LLP