Investors in Alarum Technologies Ltd. Urged to Join Securities Class Action by Rosen Law Firm

Investors in Alarum Technologies Ltd. Urged to Join Securities Class Action

Alarum Technologies Ltd. (NASDAQ: ALAR) investors face a pivotal moment as legal representation firm Rosen Law Firm has announced an important reminder for those who purchased the company’s securities between March 14, 2024, and August 26, 2024. The firm is encouraging affected investors to participate in a class action lawsuit, with a crucial lead plaintiff deadline set for April 15, 2025.

Understanding the Class Action

What does this mean for investors? If you acquired Alarum securities during the specified period, you could be eligible to seek compensation through a contingency fee arrangement, indicating that investors won’t need to cover any out-of-pocket expenses. This class action has already been initiated, and it aims to hold Alarum accountable for allegedly misleading investors about its performance and prospects.

To join this lawsuit, investors can visit Rosen Law Firm's website or contact Phillip Kim, Esq. at 866-767-3653 for more information. Importantly, a lead plaintiff position will represent other class members throughout the litigation process.

Why Choose Rosen Law Firm?

The Rosen Law Firm emphasizes the importance of selecting experienced legal counsel, particularly as many law firms may not have the necessary credentials or resources to effectively manage such class actions. With an impressive track record, Rosen Law Firm specializes in representing investors globally and has seen considerable success in securities class actions. In 2017, it was recognized as the top law firm for the number of settlements reached in securities class actions. The firm stood out by obtaining more than $438 million in recoveries for investors in 2019 alone.

Allegations Against Alarum Technologies

According to the details surrounding this lawsuit, Alarum Technologies is alleged to have made false statements regarding its operational effectiveness. Key claims include that:
1. Alarum was reportedly less successful at maintaining and expanding customer relationships than it had indicated to investors.
2. This failure could negatively impact Alarum's ability to consistently generate revenue growth.
3. Consequently, the financial and business outlook provided by Alarum was significantly overstated, leading to misrepresentations in public statements.

The lawsuit asserts that when these realities became apparent, investors incurred significant losses.

Next Steps for Affected Investors

Should you wish to participate in this class action lawsuit, act promptly before the April 15 deadline. Whether you retain counsel or remain an absent class member until further developments occur is entirely your choice. Notably, involvement as a lead plaintiff can influence the case, but it’s not a requirement for potential recovery in the class action.

To keep abreast of developments, interested parties can follow Rosen Law Firm on LinkedIn, Twitter, or Facebook. The firm ensures an active and transparent communication process with its clients during ongoing litigation.

In conclusion, The Rosen Law Firm urges any investors who purchased Alarum Technologies securities during the relevant timeframe to seriously consider joining this class action. With the upcoming deadline and the substantial resources of Rosen Law Firm, affected investors may find a strategic avenue to seek the justice they deserve.