#United States #New York #Class Action #Securities Fraud #Alarum Technologies

Alarum Technologies Ltd Faces Legal Challenges

In a developing story, Alarum Technologies Ltd. (NASDAQ: ALAR) is currently under the scrutiny of a class action lawsuit, with an emphasis on securities fraud. The Gross Law Firm has announced important news for shareholders who purchased shares of ALAR during the specified class period from March 14, 2024, to August 26, 2024.

The allegations center around claims that the company issued materially false and misleading statements, which significantly impacted its stock valuation. Investors are encouraged to take action if they feel affected by these developments. The deadline for shareholders to express their interest in becoming lead plaintiffs in this case is set for April 15, 2025. However, it is crucial to highlight that registering as a lead plaintiff is not a requirement to participate in any potential recovery from this legal action.

The Allegations

According to the legal notice, the complaint outlines several key failures and omissions by the company:
1. Failure to Retain Customers: It is alleged that Alarum Technologies was less effective than claimed in both retaining and expanding its customer base.
2. Revenue Growth Issues: These failures in customer engagement were purported to impair the company's ability to achieve consistent revenue growth, contradicting public statements made to investors regarding the company's potential for financial success.
3. Overstated Prospects: As a result of these misleading assertions, it is claimed that Alarum’s business outlook was overly optimistic and not reflective of the actual situation.
4. Misleading Public Statements: Ultimately, the allegations suggest that Alarum's statements to the public and investors were materially false and misleading at all relevant times.

These assertions, if proven to be true, could have serious ramifications for the company's shareholders and overall market position.

Next Steps for Shareholders

For shareholders who acquired shares during the period mentioned above, the process of registering for this class action lawsuit is straightforward. Interested parties can complete a form via the Gross Law Firm’s website, which will enroll them in a portfolio monitoring service that will provide updates on the case's progress. The law firm has assured that this process involves no cost or obligation for shareholders, making it accessible for all who wish to participate.

Why the Gross Law Firm?

The Gross Law Firm is recognized nationally for its advocacy in securities fraud cases. Their commitment revolves around safeguarding investor rights that have been compromised through fraudulent practices. The firm aims to uphold corporate accountability and ensure that investors receive justice in situations marred by misleading information.

Contact Information

For those looking to gather more details or take steps towards participation, inquiries can be directed to:
Email: [email protected]
Phone: (646) 453-8903

In conclusion, if you hold shares in Alarum Technologies Ltd., it’s vital to stay informed and proactive as this class action lawsuit unfolds. With the deadline approaching, shareholders are urged to act promptly to safeguard their interests.

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