Bronstein, Gewirtz & Grossman, LLC: Class Action Lawsuit Filed Against Alarum Technologies Ltd.
New York, NY – In the heart of the bustling financial district of New York City, the law offices of Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, have recently announced the filing of a class action lawsuit against Alarum Technologies Ltd. (“Alarum” or “the Company”) (NASDAQ: ALAR) and certain of its officers.
The complaint, 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 by making materially false and misleading statements and/or failing to disclose that:
- The Company was experiencing significant customer churn and declining revenue in its core business segments.
- The Company’s financial statements for the periods ended December 31, 2023 and December 31, 2024 contained material misstatements and omissions.
- The Company’s financial projections for the period ending December 31, 2025 were overstated
These alleged misrepresentations and omissions artificially inflated the price of Alarum’s common stock, according to the complaint.
Impact on Individual Investors
If you are an individual investor in Alarum Technologies Ltd. who purchased or otherwise acquired the Company’s securities between February 1, 2025 and December 31, 2025, you may be entitled to compensation. The lawsuit seeks to recover damages on behalf of all such investors.
Impact on the World
The filing of this class action lawsuit against Alarum Technologies Ltd. is a significant event that could have far-reaching implications for the technology industry and the investment community as a whole. The allegations, if proven true, could potentially damage the reputation of Alarum and its executives.
Moreover, the lawsuit serves as a reminder of the importance of transparency and accuracy in financial reporting. It also highlights the need for investors to carefully evaluate the information provided by companies and their executives before making investment decisions.
It is important to note that the filing of a class action lawsuit is not an admission of guilt on the part of Alarum or its officers. The Company will have an opportunity to respond to the allegations in court.
Conclusion
In conclusion, the filing of a class action lawsuit against Alarum Technologies Ltd. by Bronstein, Gewirtz & Grossman, LLC, alleging securities fraud, is a significant development for the Company and its investors. The lawsuit, if proven true, could result in damages for individual investors and potential reputational harm for Alarum and its executives.
The technology industry and the investment community will be closely watching this case as it unfolds. It serves as a reminder of the importance of transparency and accuracy in financial reporting, and the need for investors to carefully evaluate the information provided by companies and their executives before making investment decisions.
If you are an investor in Alarum Technologies Ltd., we encourage you to contact Bronstein, Gewirtz & Grossman, LLC to discuss your rights and potential remedies.
