Investigation announced for Investors who hold shares of Napco Security Technologies, Inc. (NASDAQ: NSSC) over potential Wrongdoing

An investigation on behalf of current long-term investors in shares of Napco Security Technologies, Inc. (NASDAQ: NSSC) concerning potential breaches of fiduciary duties by certain directors and officers of Napco Security Technologies, Inc. was announced.

Investors who are current long term investors in Napco Security Technologies, Inc. (NASDAQ: NSSC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: NSSC stocks follows a lawsuit filed against Napco Security Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: NSSC stocks, concerns whether certain Napco Security Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the Defendants provided these 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, and that such statements absent these material facts caused Plaintiff and other shareholders to purchase Napco's securities at artificially inflated prices.

Those who purchased shares of Napco Security Technologies, Inc. (NASDAQ: NSSC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.