Important Information for Investors of Alarum Technologies Ltd.: Rosen Law Firm Reminds of Upcoming Deadline
New York, NY – Rosen Law Firm, a global investor rights law firm, alerts purchasers of Alarum Technologies Ltd. (NASDAQ: ALAR) securities between March 14, 2024, and August 26, 2024, both dates inclusive (the “Class Period”), of the upcoming April 15, 2025 lead plaintiff deadline.
Background on Alarum Technologies Ltd. and the Class Action Lawsuit
Alarum Technologies Ltd. is a technology company specializing in artificial intelligence and machine learning. The company’s mission is to revolutionize industries by providing advanced solutions for predictive maintenance and anomaly detection. Rosen Law Firm alleges that during the Class Period, Alarum Technologies Ltd. and certain of its executives made false and misleading statements regarding the company’s business, operational, and financial metrics.
Details of the Class Action Lawsuit
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Alarum Technologies Ltd. was experiencing significant declines in customer demand for its products and services; (2) the company’s financial results for the quarters ending June 30, 2024, and September 30, 2024, would be adversely impacted; (3) Alarum Technologies Ltd. had insufficient internal controls over financial reporting; and (4) as a result, the company’s public statements were materially false and misleading at all relevant times.
Effect on Individual Investors
If you purchased Alarum Technologies Ltd. securities during the Class Period and wish to serve as lead plaintiff of the proposed class action, you must file a motion with the court no later than April 15, 2025. Rosen Law Firm encourages investors to contact them to discuss their potential role as lead plaintiff and to learn more about the Class Action.
Effect on the World
The outcome of this class action lawsuit could have significant implications for the technology industry and investor confidence in companies specializing in artificial intelligence and machine learning. If found liable, Alarum Technologies Ltd. would be required to compensate affected investors, potentially leading to a financial loss for the company. Moreover, the lawsuit could encourage increased scrutiny from regulators and investors on the accuracy of financial reporting and statements made by technology companies.
Conclusion
Rosen Law Firm reminds investors of the upcoming April 15, 2025, lead plaintiff deadline for purchasers of Alarum Technologies Ltd. securities between March 14, 2024, and August 26, 2024. The lawsuit alleges that defendants made false and misleading statements regarding the company’s business, operational, and financial metrics during the Class Period. The outcome of this class action lawsuit could have significant implications for the technology industry and investor confidence in companies specializing in artificial intelligence and machine learning. For more information, investors are encouraged to contact Rosen Law Firm.
- Investors with Alarum Technologies Ltd. securities purchased between March 14, 2024, and August 26, 2024, are encouraged to contact Rosen Law Firm
- The April 15, 2025, deadline for lead plaintiff filing is approaching
- The lawsuit alleges false and misleading statements regarding the company’s business, operational, and financial metrics
- The outcome of the class action lawsuit could impact the technology industry and investor confidence in AI/ML companies
