Levi & Korsinsky Notifies Investors of Alarum Technologies Ltd. Investigation
NEW YORK, March 7, 2025
Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors in Alarum Technologies Ltd. (“Alarum Technologies” or “Company”) (NYSE: ALAR). The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. All investors who purchased Alarum Technologies securities between February 1, 2023, and November 1, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before the April 15, 2025 lead plaintiff deadline.
Allegations against Alarum Technologies
The complaint alleges that Alarum Technologies and certain of its top executives made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the lawsuit alleges that the Company misrepresented the progress and prospects of its product development and commercialization efforts.
According to the complaint, Alarum Technologies claimed that it was making significant progress in developing and commercializing its proprietary technology for detecting and preventing cyber threats. However, the complaint alleges that these statements were false and misleading because the Company’s technology was not as advanced as represented and was not generating the revenue or customer interest that had been claimed.
Impact on Individual Investors
If you invested in Alarum Technologies securities during the Class Period, you may be entitled to recover your losses, including damages. The lead plaintiff deadline is April 15, 2025. To learn more about the case and your rights as an investor, please contact Levi & Korsinsky, LLP by email at [email protected] or call (212) 363-7500.
Impact on the World
The implications of this investigation extend beyond just Alarum Technologies and its investors. The alleged misrepresentations about the Company’s technology and commercialization efforts could have significant consequences for the broader cybersecurity industry. Cybersecurity is an increasingly critical issue for businesses and individuals around the world, and investors rely on accurate information when making investment decisions in this sector.
The success or failure of cybersecurity companies can have a ripple effect on the entire industry. If it is determined that Alarum Technologies misrepresented the progress and prospects of its technology, it could undermine confidence in other cybersecurity companies and potentially lead to increased regulatory scrutiny. This could ultimately slow down the pace of innovation and investment in the cybersecurity sector, which could have negative consequences for businesses and individuals alike.
Conclusion
The investigation into Alarum Technologies by Levi & Korsinsky, LLP is an important development for investors in the cybersecurity sector. The alleged misrepresentations about the Company’s technology and commercialization efforts could have significant implications for the industry as a whole. If you invested in Alarum Technologies during the Class Period, it is important that you take action to protect your rights as an investor. Contact Levi & Korsinsky, LLP to learn more about the case and your options.
- Levi & Korsinsky, LLP announces the filing of a securities class action lawsuit against Alarum Technologies Ltd. for alleged violations of securities laws.
- The lawsuit alleges that Alarum Technologies misrepresented the progress and prospects of its product development and commercialization efforts.
- Individual investors who purchased Alarum Technologies securities during the Class Period are encouraged to contact Levi & Korsinsky, LLP before the April 15, 2025 lead plaintiff deadline.
- The implications of this investigation extend beyond just Alarum Technologies and its investors, potentially impacting confidence in the broader cybersecurity industry.
