#USA #New York #Class Action #Levi & Korsinsky #Alarum Technologies

Levi & Korsinsky Alerts Alarum Technologies Ltd. Investors

Levi & Korsinsky, LLP, a law firm renowned for its successful securities litigation, has notified investors of Alarum Technologies Ltd. (NASDAQ: ALAR) regarding an ongoing class action lawsuit. The claim intends to recover losses sustained by investors who were impacted by what is alleged to be deceptive practices within the company's operations between March 14, 2024, and August 26, 2024.

Class Action Overview

The lawsuit is categorized as a class action, meaning it is filed on behalf of a group of individuals (class members) who share similar grievances against the company. The key complaint is rooted in allegations of securities fraud, where it is claimed that the defendants failed to disclose crucial information about the company's performance. Specifically, the company was reportedly not as effective at customer engagement as it had led investors to believe, which in turn affects its capacity to maintain steady revenue growth.

The core issues raised in the lawsuit include:
1. Inaccurate Representation - The company allegedly misrepresented its ability to retain and expand its client base.
2. Exaggerated Financial Prospects - The claims state that Alarum's business and financial outlooks were overstated.
3. False Public Statements - Throughout the period in question, it is claimed that the company's public statements were materially misleading.

Next Steps for Investors

For those who have experienced losses in Alarum Technologies Ltd. within the specified period, the time to act is limited. Investors are encouraged to take steps before April 15, 2025, if they wish to be considered for a lead plaintiff role in the lawsuit. However, it should be noted that participation in the class action does not require one to serve as a lead plaintiff to benefit from any potential recovery.

No Cost to Class Members

Joining this class action lawsuit comes with no financial burden for class members. Participants will not have to pay any out-of-pocket costs or fees. As a class member, individuals may be entitled to compensation without incurring expenses related to legal representation. The law firm operates on a contingency fee basis, meaning no fees are paid unless the case is won.

Why Choose Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has established itself as a powerful advocate for aggrieved shareholders, securing hundreds of millions of dollars in settlements. The firm consists of a robust team of over 70 staff dedicated to navigating complex securities litigation. Furthermore, the firm has consistently ranked in the top tiers of securities litigation firms across the U.S., adding credibility to their practice.

If affected investors have questions or would like to participate, they can reach out directly to Levi & Korsinsky attorneys Joseph E. Levi or Ed Korsinsky. They are available for contact via email or telephone for any inquiries regarding the ongoing class action.

Contact Information

For further information, interested parties can reach out to:

• - Email: [email protected]
• - Telephone: 212-363-7500
• - Address: Levi & Korsinsky, LLP, 33 Whitehall Street, 17th Floor, New York, NY 10004

Potential participants can also visit Levi & Korsinsky's website for more details on the class action submission process.