Investors of Varonis Systems, Inc. Have Chance to Lead Securities Lawsuit
Investors of Varonis Systems, Inc. Have Chance to Lead Securities Lawsuit
In the latest news for investors, the Rosen Law Firm, a globally recognized investor rights law firm, has issued a reminder for those who purchased common stock of Varonis Systems, Inc. (NASDAQ: VRNS). Purchasers of Varonis securities from February 4, 2025 to October 28, 2025 are being urged to pay attention to an important deadline approaching on March 9, 2026. This deadline marks the last date for potential lead plaintiffs to file their motions in a class action lawsuit.
Why Should Investors Be Concerned?
If you engaged in purchasing Varonis securities during the specified period, you may be eligible for compensation from the upcoming lawsuit, without any out-of-pocket expenses due to a contingency fee arrangement. This type of legal structure means that fees are only collected if you achieve a settlement or judgment in your favor.
Next Steps for Interested Parties
To participate in the class action lawsuit, investors are advised to either visit the Rosen Law Firm submission page or contact Phillip Kim, Esq. at a toll-free number (866-767-3653). Emails are also welcome at [email protected]. The firm has already begun legal proceedings, and if you’re interested in serving as the lead plaintiff, this action must be undertaken before the approaching March deadline.
The Importance of Experienced Legal Representation
Rosen Law Firm emphasizes the significance of selecting qualified attorneys who have an established history of successful litigation in the field. Unfortunately, some firms lacking the necessary experience may take advantage of clients and merely act as intermediaries, passing them off to more suitable law firms. Rosen Law Firm is known for its dedicated focus on securities class actions and shareholder derivative litigation. Their reputation can be seen in the landmark case in which they obtained a sizable settlement against a Chinese company, marking the largest securities class action settlement at that time.
Since 2013, Rosen Law Firm has ranked among the top firms in the United States for the number of securities class action settlements. Their success includes recovering hundreds of millions for investors, with over $438 million procured in 2019 alone. The firm's founding partner, Laurence Rosen, was recently recognized by Law360 as a distinguished figure in the plaintiffs’ bar.
Details Surrounding the Lawsuit
The ongoing lawsuit alleges that Varonis and its executives made materially false claims about the company's prospects and did not adequately disclose operational challenges. Specifically, the firm will argue that:
1. Varonis faced challenges in meeting its Annual Recurring Revenue (ARR) projections, particularly as it transitioned customers from traditional on-premises solutions to a Software-as-a-Service (SaaS) model.
2. The company struggled to convince its existing client base regarding the benefits of switching to the SaaS model, which critically impaired their ability to maintain these crucial customer relationships.
3. Misrepresentation of the business's health is said to have misled investors, resulting in considerable financial losses when the truth became apparent.
As news regarding these alleged discrepancies became public, investors were negatively affected, and many are now looking to join the lawsuit to recover their losses.
Conclusion: How to Stay Informed
As the March 9, 2026 deadline approaches, investors should stay updated through various channels. Following updates on platforms such as LinkedIn, Twitter, and Facebook may provide valuable insights into the ongoing case. It's important to note that a class has yet to be certified, and investor participation is not guaranteed unless action is taken.
For those interested in pursuing this further, it is advisable to prioritize experienced legal representation and be proactive in managing your investments. Stay informed and consult directly with the Rosen Law Firm if you have queries regarding your rights as a Varonis investor.
Topics Financial Services & Investing）
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