Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Upcoming Deadline
Rosen Law Firm, a leading global investor rights law firm, is reminding purchasers of the securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”), of the upcoming April 15, 2025, lead plaintiff deadline in the securities class action lawsuit captioned Rosen v. Alarum Technologies Ltd., et al., Case No. 1:25-cv-03755 (S.D.N.Y).
About the Alarum Technologies Securities Class Action Lawsuit
The complaint alleges that defendants, during the Class Period, made false and/or misleading statements and/or failed to disclose that:
- Defendants had overstated the commercial prospects of their product;
- Defendants had understated their expenses;
- Defendants had misrepresented their revenue growth;
As a result of these allegations, investors purchased Alarum Technologies securities at artificially inflated prices.
Lead Plaintiff Deadline: What Does It Mean for Investors?
The lead plaintiff is the representative party in the class action lawsuit. The lead plaintiff plays a significant role in shaping the litigation and directing the case. If you wish to act as the lead plaintiff, you must apply to the Court no later than April 15, 2025, and meet certain qualifications.
How Will This Impact Me as an Investor?
If you purchased Alarum Technologies securities during the Class Period and wish to participate in the class action lawsuit, you may be entitled to compensation. The lead plaintiff will make important decisions regarding the litigation, including whether to accept a settlement or take the case to trial. If a settlement is reached, class members will likely receive a portion of the recovery.
How Will This Impact the World?
The outcome of this lawsuit could have far-reaching implications for investors, particularly in the technology sector. If the allegations are proven true, it could serve as a reminder for investors to conduct due diligence before investing in a company. It could also result in increased scrutiny of financial reporting practices and could potentially lead to regulatory action against Alarum Technologies or other similar companies.
Conclusion
If you purchased Alarum Technologies securities between March 14, 2024, and August 26, 2024, and believe that you may be affected by the allegations in the securities class action lawsuit, you should consider contacting Rosen Law Firm to discuss your potential recovery. The lead plaintiff deadline is quickly approaching, and you may be entitled to compensation. For more information, please visit the firm’s website or contact Phyllis A. Chen, Esq. at pchen@rosenlegal.com or (212) 686-1060.
