Important Information for Investors of Alarum Technologies Ltd.:
Rosen Law Firm, a leading global investor rights law firm, is reminding 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 and certain of its top executives made false and misleading statements and failed to disclose material information to the investing public.
Class Period and Securities:
The class action lawsuit covers purchasers of Alarum Technologies securities between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”).
Alleged Misconduct:
The complaint alleges that the defendants made false and misleading statements and failed to disclose that:
- Alarum Technologies was experiencing significant operational challenges and delays in the development and commercialization of its products;
- The company’s financial results were negatively impacted by these operational challenges;
- The defendants had downplayed the significance of these challenges and the resulting financial impact.
Lead Plaintiff Deadline:
The lead plaintiff deadline in this case is April 15, 2025. The lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and willing to act in the interest of the class. If you wish to serve as lead plaintiff, you must apply to the Court no later than April 15, 2025.
Impact on Individual Investors:
If you purchased Alarum Technologies securities during the Class Period and suffered losses as a result, you may be able to recover your losses as a member of the proposed class. The lead plaintiff will act on behalf of the class in managing the litigation and any potential settlement.
Impact on the World:
The securities class action lawsuit against Alarum Technologies is an important reminder of the need for transparency and accuracy in the disclosure of material information to investors. Misrepresentations and omissions can have significant negative consequences for investors, and those responsible must be held accountable.
Conclusion:
If you purchased Alarum Technologies securities during the Class Period and suffered losses, you may be entitled to compensation. The lead plaintiff deadline in this case is April 15, 2025. If you wish to serve as lead plaintiff, you must apply to the Court no later than this date. For more information, please contact Rosen Law Firm.
This information is for general informational purposes only and is not intended to be legal advice. The law firm of Rosen Law Firm is a global investor rights law firm representing investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation.
