#United States #New York #Securities Fraud #Levi Korsinsky #Varonis Systems

Levi & Korsinsky Reminds Shareholders of Varonis Lawsuit Deadline

On January 28, 2026, Levi & Korsinsky, LLP announced a significant update for investors in Varonis Systems, Inc (NASDAQ: VRNS). The firm is notifying shareholders regarding a class action securities lawsuit that alleges Varonis engaged in securities fraud. The deadline for appointed lead plaintiffs is set for March 9, 2026. This is a critical moment for Varonis investors who may have suffered financial losses during the period from February 4, 2025, to October 28, 2025.

Understanding the Case

The lawsuit revolves around a series of misleading statements made by the company that impacted investor decisions. During a time when Varonis was expected to show growth and maintain its customer base, the management made overly optimistic announcements while failing to disclose the realities of its operational challenges. Upon announcing its third-quarter results for fiscal 2025 on October 28, 2025, it became evident that Varonis significantly missed revenue projections and lowered its full-year guidance. This alarming news was attributed to disappointing renewal rates and conversions in their subscription business.

This situation escalated as Varonis reported that it would cease its self-hosted solution, alongside a 5% reduction in its workforce. Following this announcement, the company's stock price plunged drastically, marking a significant loss for shareholders, with values dropping from $63.00 to $32.34 within a day. Such a steep decline—approximately 48.67%—highlights the severity of the circumstances surrounding Varonis' financial disclosures.

What Should Investors Do?

Investors who feel they experienced losses due to Varonis' actions within the specified time frame are encouraged to act promptly. The firm emphasizes that there is no requirement to be a lead plaintiff to participate in any financial recovery from the lawsuit. Those interested can fill out a submission form through the provided link, or they may communicate directly with Varonis' counsel, Joseph E. Levi, via email or phone.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has built a robust reputation over the past two decades, having secured hundreds of millions for shareholders and a proven record of winning complex cases. With a well-equipped team comprising over 70 professionals, the firm stands out in the intensely competitive field of securities litigation, consistently ranked among the top such firms in the United States.

Given that this situation presents a potential avenue for recovering losses, investors should stay informed and take action as the deadline approaches. This lawsuit provides an opportunity for affected shareholders to join others in seeking accountability from Varonis for its alleged misrepresentations.

For more information or to register your interest in participating, please refer to the designated contact or visit the firm's website. Ensure that your voice is heard before the March 9, 2026 deadline, as collective efforts could lead to a favorable outcome for those impacted by Varonis' outlined actions.