Bronstein, Gewirtz & Grossman Files Class Action Lawsuit Against Alarum Technologies Ltd.
NEW YORK, NY / ACCESS Newswire / March 10, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading nationally recognized law firm, announces that a class action lawsuit has been filed against Alarum Technologies Ltd. (“Alarum” or “the Company”) (NASDAQ: ALAR) and certain of its officers. The lawsuit, which was filed in the United States District Court for the Southern District of New York, alleges that Alarum and its officers violated the Securities Exchange Act of 1934.
Allegations Against Alarum Technologies Ltd.
The complaint alleges that Alarum and its officers made false and misleading statements regarding the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- Alarum had experienced a decline in demand for its products and services;
- The Company’s revenue growth was significantly lower than represented;
- Alarum was experiencing significant operating losses;
- The Company’s financial statements contained material misstatements and omissions;
Impact on Investors
As a result of these alleged false and misleading statements, Alarum’s stock traded at artificially inflated prices, causing investors to suffer significant losses. The class action seeks to recover damages on behalf of all persons or entities who purchased or otherwise acquired Alarum securities between January 1, 2023, and February 28, 2025, inclusive (the “Class Period”).
Impact on the World
The filing of this class action lawsuit against Alarum Technologies Ltd. is significant as it highlights the importance of accurate and transparent disclosures by publicly traded companies. The lawsuit also underscores the potential consequences for companies and their officers when they fail to provide full and fair disclosures to investors.
Conclusion
Bronstein, Gewirtz & Grossman, LLC continues to investigate potential claims against Alarum Technologies Ltd. and encourages investors who purchased Alarum securities during the Class Period to contact the firm. This is not a solicitation for investment, and no class has been certified. The filing of a class action lawsuit is only the first step in the legal process. If you are a member of the proposed class, you may, but are not required to, retain counsel of your choice to participate in the action.
If you are a member of the proposed class and wish to discuss your rights and interests in relation to this securities fraud case, please contact Peretz Bronstein, Esq. or his law clerk and client relations manager, Yael Nathanson, of Bronstein, Gewirtz & Grossman, LLC, at 212-697-6484. You may also email [email protected] or [email protected].
Since the early 1900s, Bronstein, Gewirtz & Grossman, LLC has represented investors in securities fraud, antitrust, and corporate litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Bronstein, Gewirtz & Grossman, LLC
200 Park Avenue, 16th Floor
New York, NY 10166
212-697-6484
[email protected]
[www.bgandg.com](http://www.bgandg.com)
Attorney Advertising
Prior results do not guarantee a similar outcome.
The information in this press release is for informational purposes only and is not intended as legal advice or as an offer or solicitation with respect to the sale or purchase of any security.
