Important Notice for Investors: Rosen Law Firm Reminds Purchasers of Alarum Technologies Ltd. Securities of Deadline in Class Action Lawsuit
New York, NY / March 14, 2025 / ACCESS Newswire
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. The lawsuit seeks to recover damages for Alarum Technologies investors under the federal securities laws.
Background on the Alarum Technologies Class Action Lawsuit
The complaint alleges that during the Class Period, Alarum Technologies Ltd. made materially false and misleading statements and failed to disclose material information about the Company’s business, operations, and prospects. Specifically, the lawsuit alleges that the defendants failed to disclose that the Company’s revenue growth was due to improper accounting practices, including the recognition of revenue prematurely and the failure to accrue expenses properly.
Impact on Individual Investors
If you purchased Alarum Technologies securities during the Class Period, you may be eligible to be a lead plaintiff in the class action. As a lead plaintiff, you may be appointed to represent the interests of the class in the lawsuit. The lead plaintiff will be responsible for working with the attorneys to shape the litigation and help define the issues for the court. Eligibility is not limited to the largest shareholders.
If you wish to serve as a lead plaintiff, you must move the Court no later than April 15, 2025. A lead plaintiff does not need to have suffered damages or losses to be eligible. If you wish to join the litigation as a class member, you can do so without taking any action at this time.
Impact on the World
The Alarum Technologies securities class action lawsuit is an example of the important role investor rights lawsuits play in the financial markets. These lawsuits help ensure that companies provide accurate and transparent information to investors, promoting market efficiency and investor confidence. When companies engage in fraudulent accounting practices or make false statements to investors, they can face significant financial consequences, including damages awards and regulatory penalties.
Moreover, the Alarum Technologies lawsuit may serve as a warning to other companies to ensure that they are following proper accounting practices and disclosing material information to investors. The lawsuit may also encourage other investors to be more vigilant in monitoring the companies they invest in and to seek legal recourse when necessary.
Conclusion
If you purchased Alarum Technologies securities during the Class Period and wish to serve as a lead plaintiff or join the class action, please contact Rosen Law Firm as soon as possible. The deadline to move for lead plaintiff is April 15, 2025. The Rosen Law Firm represents investors worldwide, and the firm has a proven track record of success in securities class actions.
For more information about the Alarum Technologies class action lawsuit, please visit https://rosenlegal.com/cases-registered-2161.html or contact Phillip Kim or Deena Manzagol, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via email at [email protected] or [email protected].
About Rosen Law Firm: Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and other complex litigation. The firm was Ranked No. 1 in the number of securities class action settlements in 2019 and 2020 according to ISS Securities Class Action Services.
For more information about the firm, please visit https://rosenlegal.com.
