Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Upcoming Deadline
New York, NY, March 1, 2025
Rosen Law Firm, a leading global investor rights law firm, reminds 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 significant deadline approaching. A lead plaintiff, who may be an individual or institutional investor, has until April 15, 2025, to move the court to act as the representative of the class in this securities fraud class action. If you wish to serve as lead plaintiff, you must file an application with the court before this deadline.
Background
Alarum Technologies Ltd. is a technology company focused on providing advanced threat detection and response solutions. During the Class Period, the company issued materially false and misleading statements regarding its business, operations, and financial condition. Specifically, Alarum made false and/or misleading statements and/or failed to disclose:
- Inadequate internal controls over financial reporting;
- Inaccurate revenue recognition practices;
- Overstated revenue growth;
- Understated expenses;
- Inadequate disclosures regarding related party transactions.
Impact on Individual Investors
If you purchased Alarum Technologies securities during the Class Period, you may be able to recover your losses as a member of the proposed class action. The process is simple and your ability to participate does not depend on your size of your investment. The lead plaintiff will act on behalf of all class members in managing the litigation. If a settlement or recovery is obtained, you may also be entitled to a portion of the recovery.
Impact on the World
The securities fraud class action against Alarum Technologies has far-reaching implications for the technology industry and investor community as a whole. It serves as a reminder that companies must provide accurate and truthful information to investors. Misrepresentations and deceptive practices not only harm individual investors but can also undermine the integrity of the financial markets. As the case progresses, it may also lead to increased regulatory scrutiny and potential reforms in securities reporting and disclosure requirements.
Conclusion
If you purchased Alarum Technologies securities between March 14, 2024, and August 26, 2024, you may be entitled to join the securities fraud class action against the company. The deadline for lead plaintiff appointment is fast approaching, and it is crucial that you take action before April 15, 2025. Contact Rosen Law Firm today to discuss your options and protect your investment.
Rosen Law Firm welcomes any inquiries regarding this case, and the firm provides representation on a contingency fee basis, meaning you pay nothing if no recovery is obtained. For more information, please visit www.rosenlegal.com or contact Phillip Kim, Esq. or Deanna Wocik LaPlaca at 212-686-1060 or via email at [email protected] or [email protected].
