Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY, March 13, 2025 – The Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”), of the important April 15, 2025, lead plaintiff deadline in the securities class action lawsuit captioned In re Alarum Technologies Ltd. Securities Litigation, case number 1:24-cv-05691 (S.D.N.Y).
If you purchased Alarum Technologies securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through participating in a securities class action. The lawsuit alleges that Alarum Technologies and certain of its top executive officers made false and/or misleading statements and/or failed to disclose: (1) that the Company was experiencing significant customer attrition and declining revenue; (2) that the Company’s financial statements were misstated; and (3) that the Company’s business prospects were not as represented.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Alarum Technologies was experiencing significant customer attrition and declining revenue; (2) the Company’s financial statements were misstated; and (3) the Company’s business prospects were not as represented. When the true details entered the market, the price of Alarum Technologies securities declined significantly.
Effect on Individual Investors
If you purchased Alarum Technologies securities during the Class Period and have suffered a loss, you may be eligible to recover your loss through participation in the securities class action. The lead plaintiff deadline for this lawsuit is April 15, 2025. To be a lead plaintiff, you must meet certain legal requirements and be among the first to file a motion with the court. If you wish to learn more about this action, please contact The Rosen Law Firm as soon as possible.
Effect on the World
The Alarum Technologies securities class action lawsuit is significant as it highlights the importance of accurate financial reporting and disclosure. In today’s global economy, investors rely on accurate financial information to make informed decisions. When companies and executives misrepresent or fail to disclose material information, it can have far-reaching consequences. In this case, the alleged misrepresentations and failures to disclose led to significant financial losses for investors. The securities class action lawsuit seeks to hold those responsible accountable and provide compensation to affected investors.
Moreover, the outcome of this and similar cases can have a ripple effect on the investment community as a whole. The successful pursuit of securities class actions can deter corporations and their executives from engaging in similar misconduct in the future. It can also serve as a reminder to investors to carefully research companies and executives before making investment decisions.
In conclusion, the Rosen Law Firm reminds investors who purchased Alarum Technologies securities during the Class Period of the important April 15, 2025, lead plaintiff deadline in the securities class action lawsuit. If you suffered a loss as a result of the alleged misrepresentations and failures to disclose, you may be eligible to recover your loss through participation in the securities class action. The lawsuit seeks to hold those responsible accountable and provide compensation to affected investors. Additionally, the outcome of this and similar cases can have a significant impact on the investment community as a whole by promoting accurate financial reporting and disclosure. For more information, please contact The Rosen Law Firm as soon as possible.
- Rosen Law Firm reminds investors of the April 15, 2025, lead plaintiff deadline in the Alarum Technologies securities class action lawsuit.
- If you purchased Alarum Technologies securities during the Class Period and suffered a loss, you may be eligible to recover your loss through participation in the securities class action.
- The lawsuit alleges that Alarum Technologies and certain of its top executive officers made false and/or misleading statements and/or failed to disclose significant customer attrition, misstated financial statements, and misrepresented business prospects.
- The outcome of this and similar cases can have a significant impact on the investment community by promoting accurate financial reporting and disclosure.
