#USA #Los Angeles #Securities Fraud #Glancy Prongay #Alarum Technologies

Investors Encouraged to Join Class Action Against Alarum Technologies

In a significant development for those affected by detrimental investment outcomes with Alarum Technologies Ltd. (NASDAQ: ALAR), Glancy Prongay & Murray LLP has stepped forward to announce that investors who have incurred losses now have the opportunity to take charge in a class action lawsuit concerning alleged securities fraud. This compelling news was released on March 17, 2025, indicating a crucial step for investors seeking justice.

Understanding the Allegations

The lawsuit is focused on claims against Alarum Technologies for failing to adequately inform investors of critical business challenges that impacted their operations. The allegations specify that between March 14, 2024, and August 26, 2024, the company misrepresented its ability to retain and expand customer relationships. Investors argue that the company’s statements were not only optimistic but also misleading, creating an inflated perception of Alarum's actual financial health and operational effectiveness.

Specific Claims Highlighted

The core of the allegations can be summarized in several key points. Investors contend that:
1. Customer Engagement Misrepresentation: Alarum Technologies was not as effective in customer retention and engagement as previously claimed.
2. Revenue Growth Impairment: This lack of effectiveness raised serious concerns about the company's capacity for achieving consistent revenue growth.
3. Overstated Business Prospects: The implications of the above factors suggested that Alarum's financial outlook was less favorable than they presented, leading to misrepresentation of the company’s potential.

In light of these claims, investors who have suffered financial losses are encouraged to act promptly, as the window for participating as a lead plaintiff in this lawsuit is closing. The deadline to take action is April 15, 2025.

What Should Affected Investors Do?

Investors who believe they have been impacted by these developments should consider joining the class action to either reclaim their losses or to seek further information on the process. Potential plaintiffs can reach out to Glancy Prongay & Murray LLP for guidance and assistance. The firm remains available to support investors looking to understand their rights or to navigate their next steps in this situation.

Contact Information

To learn more, individuals are encouraged to contact attorney Charles Linehan via email at [email protected] or by telephone at 310-201-9150. An alternate toll-free number is also available at 888-773-9224. The firm’s office is located at 1925 Century Park East, Suite 2100, Los Angeles, California, offering direct support for concerned investors.

Legal Disclaimer

It is important to note that participating in a class action lawsuit does not require immediate action from prospective claimants. Investors may choose to consult legal counsel or remain inactive while still being associated with the class action. Glancy Prongay & Murray LLP emphasizes the importance of being aware of your rights and options, especially in situations involving potential securities fraud.

Concluding Remarks

This class-action lawsuit brings to light the significant responsibilities companies hold in maintaining transparency with their investors. For Alarum Technologies Ltd. investors, this unfolding lawsuit represents a pivotal opportunity to address grievances regarding the company's past communications and operations. For anyone impacted by the company's disclosures, now is the time to act to ensure your voice is heard.