Investors of Alarum Technologies May Join Securities Fraud Lawsuit Led by Rosen Law Firm

Alarum Technologies Ltd. Investors: Important Class Action Lawsuit Update

The Rosen Law Firm, a respected global firm specializing in investor rights, is currently encouraging individuals who purchased securities of Alarum Technologies Ltd. (NASDAQ: ALAR) during the time frame of March 14, 2024 to August 26, 2024 — known as the Class Period — to participate in an important class action lawsuit. This legal action arises from allegations of securities fraud against Alarum Technologies, suggesting that investors may have been misled by the company’s false and misleading statements regarding its business performance.

Key Details of the Lawsuit

The specific deadline to apply as a lead plaintiff in this class action is set for April 15, 2025. A lead plaintiff serves as a representative for the other members of the class in directing litigation and acting in their best interests. If you purchased Alarum securities during the designated Class Period, you may qualify for compensation, attained without any out-of-pocket expenses due to the law firm’s contingency fee structure.

What Allegations Are Being Made?

In summary, the lawsuit claims that Alarum Technologies misrepresented critical information during the Class Period. Key allegations include:
1. The company misled investors about its ability to retain and expand customer engagements effectively.
2. This misrepresentation would directly impact Alarum's capacity to achieve consistent revenue growth.
3. Consequently, the actual business and financial outlook of Alarum was significantly exaggerated.
4. As a result, all public statements made by Alarum during this time were reportedly inaccurate and misleading.

These revelations are believed to have caused financial harm to investors once the truth about the company’s performance was unveiled.

How to Participate in the Class Action

If you're interested in joining the Alarum class action, you can submit your information online through the official webpage at: Rosen Legal Submission Form. Alternatively, potential class members can reach out on a toll-free number at 866-767-3653 or via email at Phillip Kim, Esq. at [email protected]. This allows investors to seek further details about the class action and their eligibility.

It is important to note that no class has been certified yet. Until certification occurs, those interested are not represented by any counsel unless they designate one. Investors may choose to either connect with counsel of their choice or remain as absent class members without any action at this point. It's crucial to understand that the potential to partake in any future recovery isn't dependent on becoming a lead plaintiff.

Why Choose Rosen Law Firm?

Selecting a qualified legal counsel is essential in securities class action cases. The Rosen Law Firm boasts an impressive track record of success in landmark securities litigations, including the largest ever class action settlement against a Chinese company at the time. The firm has continuously ranked highly for settlements secured for investors over the years, indicating their effectiveness in these types of cases.

In fact, just last year alone, the firm achieved over $438 million in settlements for various investors. The firm’s founding partner, Laurence Rosen, has been recognized as a leading attorney in the plaintiffs’ bar, cementing the firm's reputation in the legal landscape.

Conclusion

For any investor impacted by potential fraud from Alarum Technologies Ltd., this class action lawsuit presents an avenue for seeking compensation. By acting quickly and joining the class action, investors can ensure they have a voice and representation in the matter. Details regarding the deadline and process are essential to note before the final lead plaintiff selection on April 15, 2025.

Keep informed about updates and further developments by following the Rosen Law Firm on platforms like LinkedIn or Twitter.