Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Upcoming Deadline
New York, NY, Feb. 26, 2025 – Rosen Law Firm, a global investor rights law firm, alerts investors of Alarum Technologies Ltd. (NASDAQ: ALAR) of the upcoming lead plaintiff deadline in a securities class action lawsuit. The lawsuit alleges that Alarum Technologies Ltd. made materially false and/or misleading statements and/or failed to disclose material information during the Class Period, which is between March 14, 2024 and August 26, 2024.
Background
Alarum Technologies Ltd. is a technology company specializing in developing and marketing advanced threat detection and response solutions. The company’s products are designed to protect against cyber threats, including zero-day attacks and advanced persistent threats.
Securities Class Action Lawsuit
The securities class action lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Alarum Technologies Ltd. and certain of its top executives made false and/or misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose:
- That Alarum Technologies Ltd. was experiencing significant customer churn;
- That the company’s revenue growth was declining;
- That the company’s sales team was experiencing significant challenges;
- That the company’s financial results would be negatively impacted;
- That the company’s financial statements were not accurate;
As a result of these false and/or misleading statements, Alarum Technologies Ltd. securities traded at artificially inflated prices during the Class Period, causing investors harm.
Lead Plaintiff Deadline
The lead plaintiff deadline in this securities class action lawsuit is April 15, 2025. The lead plaintiff is the investor with the largest financial investment in the company who files a timely motion and retains counsel. The lead plaintiff plays a significant role in the litigation and helps shape the direction of the case.
Effect on Individual Investors
If you purchased Alarum Technologies Ltd. securities during the Class Period and have suffered a loss as a result, you may be eligible to join the securities class action lawsuit as a class member. The lead plaintiff deadline is approaching, so it is important that you take action as soon as possible. If you wish to serve as lead plaintiff, it is crucial that you contact Rosen Law Firm as soon as possible.
Effect on the World
The securities class action lawsuit against Alarum Technologies Ltd. is an important reminder for investors to carefully research the companies they invest in and to pay close attention to any potential red flags. The lawsuit also highlights the importance of accurate and transparent financial reporting, as misleading statements can have serious consequences for investors and the broader financial markets.
Conclusion
If you purchased Alarum Technologies Ltd. securities during the Class Period and have suffered a loss as a result, it is important that you take action before the lead plaintiff deadline on April 15, 2025. Rosen Law Firm, a global investor rights law firm, is dedicated to ensuring that investors receive the compensation they deserve. If you wish to serve as lead plaintiff, please contact Rosen Law Firm as soon as possible to discuss your options.
The securities class action lawsuit against Alarum Technologies Ltd. is a reminder for all investors to carefully research the companies they invest in and to pay close attention to any potential red flags. Accurate and transparent financial reporting is crucial for maintaining the integrity of the financial markets and protecting investors.
