#USA #New York #Levi & Korsinsky #Securities Fraud #Alarum Technologies

Alarum Technologies Ltd. Faces Legal Action for Securities Law Violations

Alarum Technologies Ltd., listed on NASDAQ under the ticker ALAR, has come under fire due to allegations of securities fraud. The well-known law firm, Levi & Korsinsky, LLP, has announced a class action lawsuit aimed at recovering losses for investors who may have been negatively impacted by the company's misrepresentations.

Overview of the Allegations

The lawsuit is particularly targeted at investors who held shares between March 14, 2024, and August 26, 2024. Within this timeframe, Alarum Technologies allegedly engaged in practices that misled investors about its capability to maintain and grow customer relationships. The complaint asserts that the firm overstated its business prospects, leading to an inflated perception of its revenue-generating abilities.

The specific claims include:

• - Inadequate Customer Retention: Alarum purportedly struggled more than it indicated in retaining and expanding its customer base.
• - Overstated Revenue Growth: The company’s false statements allegedly misrepresented its ability to consistently grow its revenue.
• - Misleading Public Statements: As a result of these issues, Alarum's public communications were found to be materially misleading.

What Investors Should Do

Investors who have incurred losses during the relevant period are encouraged to take action. They have until April 15, 2025, to request appointment as the lead plaintiff in the lawsuit. This does not necessarily restrict their ability to benefit from any potential recovery, as all class members may share in any financial remediation without the need for upfront costs.

For those interested in getting involved, there are two main options:

• - Contact Levi & Korsinsky: Interested investors should reach out to Levi & Korsinsky directly. They can be contacted via email at info@zlk.com or by phone at (212) 363-7500.
• - File a Claim: A formal request for lead plaintiff status can be submitted through this link. By following the provided link, potential plaintiffs can find detailed instructions on the next steps.

The Role of Levi & Korsinsky

Levi & Korsinsky has gained a solid reputation in the legal sphere, particularly for securities litigation. Over the last two decades, the firm has successfully reclaimed hundreds of millions for shareholders and has significant experience in complex financial lawsuits. With a dedicated team of over 70 professionals, they focus on delivering high-quality representation to their clients.

No Cost Participation

One of the key selling points of this lawsuit is that participation in the class action comes at no out-of-pocket cost to the investors. Thus, individuals who believe they are affected can inquire without worrying about legal fees unless they successfully claim damages.

Conclusion

As Alarum Technologies navigates this challenging juncture, it's important for investors to stay informed and proactive about their legal rights. If you believe you may be affected by Alarum's misrepresentations, consider reaching out to legal experts at Levi & Korsinsky before the April 15 deadline. This class action initiative could be a vital avenue for recovering losses incurred during this tumultuous period for the company.