Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Upcoming Deadline
New York, NY, March 19, 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 upcoming important deadline in connection with a securities class action lawsuit.
Background on Alarum Technologies Ltd.
Alarum Technologies Ltd. is a cybersecurity company that provides threat intelligence and security solutions for organizations. The Company’s offerings include its Threat Intelligence Platform, which uses machine learning and artificial intelligence to help identify and mitigate cyber threats. Alarum Technologies Ltd. is headquartered in Tel Aviv, Israel.
Securities Class Action Lawsuit
On August 27, 2024, it was reported that the U.S. Securities and Exchange Commission (SEC) was investigating Alarum Technologies Ltd. for potential accounting irregularities. Following this news, the Company’s stock price declined significantly. Then, on September 1, 2024, a securities class action lawsuit was filed against Alarum Technologies Ltd. in the United States District Court for the Southern District of New York, alleging that the Company and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint alleges that Alarum Technologies Ltd. made materially false and misleading statements regarding its financial condition and business operations during the Class Period.
Lead Plaintiff Deadline
The lead plaintiff deadline in this securities class action lawsuit is April 15, 2025. The lead plaintiff is the proposed representative of the class in the lawsuit. In order to be eligible to serve as lead plaintiff, the proposed plaintiff must meet certain legal requirements and must file with the court no later than the lead plaintiff deadline. Proposed lead plaintiffs have the opportunity to work with experienced securities litigation counsel, such as Rosen Law Firm, to help ensure that they receive fair and adequate compensation for their losses.
Effect on Individual Investors
If you purchased Alarum Technologies Ltd. securities during the Class Period and suffered a loss, you may be eligible to join the securities class action lawsuit as a class member. The lead plaintiff deadline is an important deadline for potential class members as it is the last chance to seek appointment as lead plaintiff. Class members who do not wish to serve as lead plaintiff may still participate in the lawsuit as a class member. The lead plaintiff will make important decisions regarding the litigation and will help ensure that the class receives fair and adequate compensation for their losses.
Effect on the World
The securities class action lawsuit against Alarum Technologies Ltd. is an important development in the world of cybersecurity and corporate governance. The lawsuit highlights the importance of transparency and accuracy in financial reporting, particularly in the tech sector where companies are often valued based on their projected growth and revenue. It also underscores the role of the SEC in ensuring that publicly traded companies comply with securities laws and regulations. As cybersecurity threats continue to evolve and grow in complexity, it is crucial that companies prioritize transparency and accountability to maintain investor trust and confidence.
Conclusion
Rosen Law Firm encourages investors who purchased Alarum Technologies Ltd. securities during the Class Period to contact the firm before the lead plaintiff deadline in order to discuss their potential legal rights. The firm represents investors throughout the entire litigation process, from filing the lawsuit to recovering the maximum possible compensation for class members. For more information, please visit www.rosenlegal.com or contact Phillip Kim, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via email at [email protected] or [email protected] for information on the class action.
About Rosen Law Firm: Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The firm was Ranked No. 1 in 2019 on the ISS Securities Class Action Services Top 50 Report for recovering the largest damages for investors in securities class actions. For more information, please visit www.rosenlegal.com.
