Investors in Napco Security Technologies Inc., Barclays PLC, Generac Holdings Inc., and New York Community Bancorp are being reminded of upcoming deadlines to file lead plaintiff motions in class action lawsuits against the companies.
The lawsuit against Napco alleges that the company made false and misleading statements about its business and financials, resulting in a significant drop in stock price.
The lawsuit against Barclays claims that the company made false statements and omissions regarding its former CEO's knowledge of Jeffrey Epstein's criminal activities.
The lawsuit against Generac Holdings Inc. alleges that the company made misleading statements about its sales and growth prospects, causing a significant drop in the company's share price.
New York Community Bancorp is facing a lawsuit filed by shareholders in a proposed class action. The shareholders accuse the bank of concealing deterioration in its loan portfolio, which resulted in a surprise quarterly loss and a significant drop in the bank's stock price. The lawsuit alleges that the bank made false and misleading statements about the quality of its loan portfolio and failed to disclose the extent of the deterioration. The lawsuit seeks to recover damages for shareholders who purchased the bank's stock between April 21, 2023, and February 6, 2024. The bank has not yet commented on the lawsuit.
These class action lawsuits highlight the potential reputational, legal, and financial harm caused by these alleged actions.
Investors who wish to participate in these class action lawsuits can contact the respective law firms for more information.
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