Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Class Action Lawsuit and Lead Plaintiff Deadline
On March 17, 2025, Rosen Law Firm, a global investor rights law firm, released a reminder for investors who purchased securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”). The law firm is encouraging these investors to act before the upcoming lead plaintiff deadline.
Background on the Class Action Lawsuit
The lawsuit alleges that Alarum Technologies Ltd. and certain of its top executives violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company’s business, financial condition, and prospects. The complaint alleges that defendants failed to disclose material information, including:
- Inadequate internal controls over financial reporting;
- Inflated revenue figures;
- Inaccurate statements regarding the company’s customer base;
- Failure to disclose a material contract termination;
As a result of this alleged nondisclosure, Alarum Technologies’ stock traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of Alarum Technologies’ securities significantly declined.
Impact on Individual Investors
If you purchased Alarum Technologies securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline is April 15, 2025. To potentially recover for your losses, you must meet certain requirements. The Rosen Law Firm encourages you to contact them before this deadline to discuss your potential recovery.
Global Implications
The consequences of this class action lawsuit extend beyond Alarum Technologies and its investors. It highlights the importance of transparency and accurate reporting for publicly-traded companies. Failure to meet these obligations can lead to significant financial losses for investors and damage to the company’s reputation. Furthermore, it underscores the need for investors to stay informed and vigilant, especially in today’s fast-paced business environment.
Conclusion
Investors who purchased Alarum Technologies securities between March 14, 2024, and August 26, 2024, are encouraged to contact Rosen Law Firm before April 15, 2025, to discuss their potential recovery. This case serves as a reminder of the importance of transparency, accurate reporting, and investor diligence in the securities market. By staying informed and taking action when necessary, investors can help protect themselves and contribute to a more honest and trustworthy financial landscape.
This information is for general informational purposes only. It does not constitute legal or financial advice, and it is not an offer or solicitation to buy or sell any securities.
