On February 28, 2025, Levi & Korsinsky, LLP announced a deadline for investors in Alarum Technologies Ltd. (NASDAQ: ALAR) to join a class action securities lawsuit. This lawsuit seeks to recover losses incurred by investors who experienced adverse effects from alleged securities fraud between March 14, 2024, and August 26, 2024. The class action has been organized in response to false statements allegedly made by the company regarding its effectiveness in retaining and expanding customer relationships. These statements are claimed to have misled investors regarding the company's revenue growth potential, which was overstated at the time.
Details of the Class Action
The lawsuit's primary objective is to hold Alarum Technologies accountable for the claims made during the specified timeframe. Investors are encouraged to act promptly, as the deadline to request appointment as lead plaintiff is April 15, 2025. The firm asserts that being a lead plaintiff is not necessary for affected investors to share in any financial recovery that may result from the case.
Levi & Korsinsky has set up a contact method for interested parties. Investors can fill out a submission form available at
this link or reach out directly to attorney Joseph E. Levi via email at [email protected] or by calling (212) 363-7500.
Why Choose Levi & Korsinsky?
Levi & Korsinsky has built a strong reputation over the past two decades in advocating for shareholders' rights. They have recovered hundreds of millions of dollars for aggrieved investors and consistently rank among the top securities litigation firms in the United States. Should the court approve the class action, eligible investors would participate without incurring any out-of-pocket costs for legal fees.
Conclusion
The approaching deadline serves as a critical reminder for investors in Alarum Technologies Ltd. to assess their positions and consider joining this class action lawsuit. With the expert guidance of Levi & Korsinsky, affected shareholders have a chance to reclaim some of the financial losses stemming from the alleged malpractices of the company. Therefore, affected investors should act swiftly to secure their rights and navigate the legal recovery process.