Breaking News: Investors Suffer Losses, Law Firm Files Securities Fraud Class Action Against Alarum Technologies
LOS ANGELES, CA – March 31, 2025 – Glancy Prongay & Murray LLP, a leading national litigation firm, announces that investors who have suffered losses in Alarum Technologies Ltd. (“Alarum” or the “Company”) (NASDAQ: ALAR) securities between January 1, 2023, and March 30, 2025, have the opportunity to lead the securities fraud class action lawsuit against the Company. The lawsuit alleges that Alarum made false and misleading statements and failed to disclose material adverse facts to the investing public.
Background on Alarum Technologies
Alarum Technologies is a technology company that specializes in the development and commercialization of advanced sensors and analytics for industrial applications. The Company’s products are designed to improve operational efficiency, enhance safety, and reduce costs for industrial facilities. Alarum’s stock has been publicly traded on the NASDAQ since 2022.
The Allegations
The securities fraud class action lawsuit alleges that Alarum made false and misleading statements regarding the Company’s financial condition, business prospects, and operational performance. Specifically, the complaint alleges that Alarum failed to disclose:
- Declining sales and revenue due to increased competition and market saturation
- Inadequate internal controls and financial reporting issues
- Substantial delays in the development and commercialization of new products
- A lack of sufficient resources and expertise to execute its business strategy
Impact on Individual Investors
Individual investors who purchased Alarum securities between January 1, 2023, and March 30, 2025, may be able to recover their losses through the class action lawsuit. The lawsuit seeks to hold Alarum accountable for its alleged misconduct and to obtain compensation for investors. The lead plaintiff will be selected from among those who file timely and valid claims.
Impact on the World
The securities fraud class action lawsuit against Alarum Technologies is significant because it highlights the importance of accurate and transparent financial reporting in the technology industry. The lawsuit also underscores the risks associated with investing in emerging technology companies, particularly those that are not yet profitable. Additionally, the case may serve as a deterrent to other companies in the industry, encouraging them to maintain robust internal controls and disclose material information to investors.
Conclusion
The securities fraud class action lawsuit against Alarum Technologies is an important development for investors who purchased the Company’s securities between January 1, 2023, and March 30, 2025. The lawsuit alleges that Alarum made false and misleading statements and failed to disclose material adverse facts to the investing public. If you are an individual investor who purchased Alarum securities during this period, you may be able to recover your losses through the class action lawsuit. The case also underscores the importance of accurate and transparent financial reporting in the technology industry and serves as a reminder of the risks associated with investing in emerging technology companies.
For more information about the securities fraud class action lawsuit against Alarum Technologies, please contact Glancy Prongay & Murray LLP at (310) 201-9150 or visit the firm’s website at www.glancylaw.com.
