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NAPCO SECURITY INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of NAPCO Security Technologies, Inc. - NSSC

1. NAPCO Security Technologies faces an investigation into financial reporting weaknesses. 2. The investigation follows disclosures of weaknesses in internal controls for 2023.

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Why Bearish?

Previous instances of financial reporting issues have led to stock declines. Historical context indicates market sensitivity to such announcements.

How important is it?

Financial reporting issues can significantly impact investor confidence and stock value.

Why Short Term?

Immediate investor reaction may cause stock volatility due to the investigation news.

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NSSC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into NAPCO Security Technologies, Inc. (NasdaqGS: NSSC). On August 18, 2023, the Company disclosed that “a material weakness existed in the Company's internal controls over financial reporting for each of the first three quarters of fiscal 2023, rendering the Company's disclosure control.

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