Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY – March 31, 2025:
Investors who purchased the securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024, are reminded of the important April 15, 2025, lead plaintiff deadline by Rosen Law Firm, a global investor rights law firm. The lawsuit alleges securities fraud against the Company and certain of its top executives.
Background
Alarum Technologies Ltd. is a technology company that specializes in the development and commercialization of advanced security solutions. The Company’s flagship product is a proprietary security software designed to protect against cyber threats. Alarum Technologies Ltd. went public through an Initial Public Offering (IPO) on the NASDAQ stock exchange in February 2024.
Allegations
The class action lawsuit filed against Alarum Technologies Ltd. and its executives alleges that the Company made false and misleading statements regarding its financial condition and business prospects. The complaint asserts that the defendants failed to disclose that the Company’s cybersecurity software was not as effective as represented, and that the Company’s financial statements contained material misstatements and omissions. As a result, the Company’s stock price was artificially inflated during the Class Period.
Lead Plaintiff Deadline
The lead plaintiff is the representative party in the class action lawsuit. The lead plaintiff’s role is to act on behalf of all members of the class in managing the litigation. If you wish to serve as the lead plaintiff, you must meet certain eligibility requirements and file your application with the Court no later than April 15, 2025.
What Does This Mean for Me?
If you purchased Alarum Technologies Ltd. securities during the Class Period, you may be eligible to participate in the class action lawsuit as a class member. The lead plaintiff will make important decisions regarding the litigation, including whether to accept a settlement, and will be entitled to a percentage of any recovery obtained. If you wish to serve as the lead plaintiff, you must file your application with the Court by April 15, 2025.
What Does This Mean for the World?
The Alarum Technologies Ltd. class action lawsuit is a reminder of the importance of transparency and accuracy in financial reporting. The lawsuit highlights the risks associated with investing in technology companies, particularly those that rely heavily on proprietary software. It also underscores the need for effective regulatory oversight and enforcement to protect investors from fraudulent activities.
Conclusion
If you purchased Alarum Technologies Ltd. securities between March 14, 2024, and August 26, 2024, and believe that you have suffered a loss as a result of the Company’s alleged securities fraud, you may be eligible to participate in the class action lawsuit as a class member. The lead plaintiff deadline is April 15, 2025. For more information about the case, please contact Rosen Law Firm.
- Rosen Law Firm reminds investors of the April 15, 2025, lead plaintiff deadline in the Alarum Technologies Ltd. class action lawsuit.
- The lawsuit alleges securities fraud against Alarum Technologies Ltd. and certain executives.
- The Company’s cybersecurity software was not as effective as represented, and financial statements contained material misstatements and omissions.
- If you purchased Alarum Technologies Ltd. securities during the Class Period, you may be eligible to participate in the class action lawsuit as a class member.
- The lead plaintiff deadline is April 15, 2025.
- The lawsuit underscores the importance of transparency and accuracy in financial reporting.
