#None #Securities Fraud #Bensalem #Howard G. Smith #Alarum Technologies

Alarum Technologies Faces Legal Action from Investors

Overview

Alarum Technologies Ltd. (NASDAQ: ALAR) is currently under scrutiny as the Law Offices of Howard G. Smith have announced an opportunity for investors who have suffered significant losses to lead a class action lawsuit. This initiative comes in the wake of serious allegations regarding the company’s disclosure practices, particularly concerning the company’s ability to maintain and grow customer engagements.

Allegations Against Alarum

Between March 14 and August 26 of 2024, Alarum Technologies allegedly failed to disclose crucial information that affected their investors directly. The key accusations include:
1. Inability to Engage Customers: It is claimed that Alarum did not effectively retain or expand engagement with its customers, going against the positive projections communicated to investors.
2. Revenue Growth Impairment: The lawsuit suggests that the inability to engage customers would likely impair Alarum's revenue growth, leading to financial instability that had not been represented in their disclosures.
3. Overstated Business Prospects: The allegations also assert that Alarum’s positive statements about its business health and future prospects were not only exaggerated but fundamentally misleading.
4. Investor Misleading Information: All these points together suggest that the company’s failure to provide realistic information may have misled investors regarding the company’s true financial condition and future performance.

Legal Process for Investors

Investors who fall into the category of having substantial losses in Alarum Technologies are encouraged to contact the Law Offices of Howard G. Smith as soon as possible, with the deadline to take action set for April 15, 2025. This is the cutoff date for potentially leading the class-action suit against Alarum.

Those interested in joining the lawsuit or seeking more information can reach out directly to the law firm. They have provided contact information, including phone numbers and email, to facilitate communication regarding any questions or concerns.

It is important to note that investors do not need to take any immediate legal action to maintain their status in this lawsuit. They have the option to either remain inactive or seek legal representation of their choice to navigate the upcoming proceedings.

Conclusion

This class action provides a critical avenue for investors to seek accountability from Alarum Technologies Ltd. regarding the damages incurred due to the alleged misleading statements surrounding the company's operations. As the legal landscape continues to evolve, affected investors should consider their rights and potential avenues for recourse through this ongoing litigation.

For more information on how to participate or discuss legal options, interested parties can reach out to Howard G. Smith using the provided contact details. As developments unfold, remaining well-informed will be essential for all investors involved.