The Law Offices of Frank R. Cruz has reminded investors of the upcoming deadlines to file lead plaintiff motions in class action lawsuits against Napco Security Technologies Inc. and Dick's Sporting Goods, Inc. [f41b7dcf] [fc808eb1]
The lawsuit against Napco alleges that the company made materially false and misleading statements regarding its business, operations, and prospects. Napco recently disclosed errors in its financial statements, resulting in overstated inventories and understated cost of goods sold. This led to a 45% drop in Napco's stock price. Investors who wish to participate in the class action lawsuit against Napco can contact The Law Offices of Frank R. Cruz for more information. [f41b7dcf]
The lawsuit against Dick's Sporting Goods alleges that the company failed to disclose that demand for products in its Outdoor segment was slowing faster than represented, resulting in excess inventory. The need to liquidate this excess inventory would have a materially negative effect on profitability. Investors with substantial losses during the class period from May 25, 2022, to August 21, 2023, have the opportunity to lead the securities fraud class action lawsuit against Dick's Sporting Goods. The lead plaintiff deadline is April 22, 2024. Investors can contact The Law Offices of Frank R. Cruz for more information. [fc808eb1]