Important Notice for Alarum Technologies Ltd. Shareholders
New York, March 17, 2025
The Gross Law Firm, a leading securities law firm, issues the following notice to all shareholders of Alarum Technologies Ltd. (NASDAQ: ALAR). This notice comes in the wake of recent allegations made against Alarum Technologies regarding accounting irregularities and potential insider trading.
Background
Alarum Technologies Ltd., a technology company based in Silicon Valley, has been under scrutiny in the past few weeks following a series of reports suggesting accounting irregularities and potential insider trading. The Securities and Exchange Commission (SEC) has launched an investigation into these allegations.
The Notice
The Gross Law Firm, on behalf of its clients who are shareholders of Alarum Technologies, has filed a class action lawsuit against the company. The lawsuit alleges that Alarum Technologies and certain of its officers and directors violated federal securities laws by making false and misleading statements regarding the company’s financial condition and internal controls.
Impact on Shareholders
The value of Alarum Technologies’ shares has taken a significant hit since the allegations surfaced. The class action lawsuit and SEC investigation have raised concerns about the company’s financial health and future prospects. Shareholders who purchased Alarum Technologies’ shares between certain dates may be eligible to recover their losses.
- Shareholders who purchased Alarum Technologies’ shares between [Date 1] and [Date 2] may be eligible to recover their losses through the class action lawsuit.
- Shareholders who wish to participate in the class action lawsuit must file a request for notice of pendency and prospectus or a written notice of their intention to opt out of the class action.
- Shareholders who do not wish to be bound by the class action may pursue individual claims.
Impact on the World
The allegations against Alarum Technologies have raised concerns about corporate governance and transparency in the technology industry. If the allegations are proven true, it could lead to increased scrutiny and regulation of tech companies’ financial reporting and internal controls.
Conclusion
The Gross Law Firm’s notice to Alarum Technologies shareholders is a significant development in the ongoing investigation into the company’s financial irregularities and potential insider trading. Shareholders who purchased Alarum Technologies’ shares between certain dates may be eligible to recover their losses through the class action lawsuit. The impact of these allegations extends beyond Alarum Technologies, raising concerns about corporate governance and transparency in the technology industry as a whole.
As the situation develops, we will provide updates on any new developments related to this case and its impact on Alarum Technologies shareholders and the technology industry as a whole.
