Important Investor Alert: Levi & Korsinsky, LLP Announces an Investigation into Alarum Technologies Ltd.
NEW YORK, Feb. 25, 2025
Levi & Korsinsky, LLP announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Alarum Technologies Ltd. (NASDAQ: ALAR) who purchased securities between March 3, 2023, and February 15, 2025. The complaint alleges that Alarum Technologies Ltd. and certain of its officers and directors violated the Securities Exchange Act of 1934 by making false and misleading statements to the market.
Allegations against Alarum Technologies Ltd.
According to the complaint, the defendants made false and/or misleading statements and/or failed to disclose that:
- Alarum Technologies Ltd. was experiencing significant operational challenges and delays in the development and commercialization of its products;
- The company’s financial statements for the periods in question contained material misstatements;
- Defendants lacked a reasonable basis for their positive statements about the company’s business, operations, and prospects.
Effect on Shareholders
As a result of this news, the price of Alarum Technologies Ltd. shares has significantly dropped, causing substantial losses to investors. Those who purchased Alarum Technologies Ltd. securities between March 3, 2023, and February 15, 2025, may be able to recover their losses through the Alarum Technologies Ltd. class action lawsuit.
Effect on the World
The consequences of this investigation extend beyond Alarum Technologies Ltd. shareholders. This type of corporate misconduct can erode investor confidence and harm the reputation of the entire industry. In addition, it can lead to increased regulatory scrutiny and potential regulatory action, which can impact the entire market.
Conclusion
If you suffered a loss in Alarum Technologies Ltd. securities between March 3, 2023, and February 15, 2025, and wish to learn more about this investigation or potential remedies, please contact Levi & Korsinsky, LLP. You can also follow the firm’s investigation of other companies by visiting its website at www.zlk.com.
While this investigation is an important step in holding Alarum Technologies Ltd. accountable for its actions, it is also a reminder of the importance of transparency and honesty in corporate communications. As investors, it is crucial that we remain vigilant and demand accurate information from the companies we invest in.
About Levi & Korsinsky, LLP
Levi & Korsinsky, LLP is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise and experience in prosecuting securities litigation involving financial fraud, accounting fraud, and breaches of fiduciary duty. For more information, please visit www.zlk.com.
