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Alarum Technologies Class Action Lawsuit Update

A significant legal opportunity is arising for investors in Alarum Technologies Ltd. (NASDAQ: ALAR) who purchased shares between March 14, 2024, and August 26, 2024. The Rosen Law Firm, a well-known global investor rights firm, has issued a reminder regarding the deadline for becoming a lead plaintiff in a securities fraud class action lawsuit against Alarum Technologies. Interested parties have until April 15, 2025, to take action and potentially reclaim lost investments.

What You Need to Know

If you bought Alarum Technologies securities during the aforementioned period, you may be eligible to join this class action without any upfront costs, thanks to a contingency fee arrangement. This structure ensures that you won't bear any out-of-pocket expenses unless the lawsuit is successful, as the law firm covers the initial costs.

How to Participate

To express your interest in joining the class action, you should visit Rosen Law Firm's website or contact Phillip Kim, Esq. at 866-767-3653. Participation is crucial, as a lawsuit has already been initiated, and individuals aiming to serve as the lead plaintiff must file their motion with the court by the deadline.

A lead plaintiff acts on behalf of all other affected investors, guiding the litigation's direction and strategy.

Why Choose Rosen Law Firm?

The Rosen Law Firm highlights its proficiency in investor rights and securities class actions. The firm has previously secured significant settlements for investors, including notable victories against large corporations. Their impressive track record involves obtaining hundreds of millions of dollars in recoveries for clients, with particular emphasis placed on their specialization in securities law. Laurence Rosen, a co-founder and prominent figure of the firm, has received accolades for his contributions to investor advocacy and litigation success rates.

Case Details

The class action lawsuit asserts that during the class period, Alarum Technologies made several misleading statements. Investors were led to believe that the company was effectively maintaining and expanding its customer base—claims that were ultimately found to be inflated. The lawsuit states that the actual performance of the company was significantly less impactful, jeopardizing its revenue-generating capabilities. Consequently, Alarum's public disclosures were misleading and failed to provide accurate risk assessments to investors, leading to unwarranted financial losses once the true situation was revealed.

Important Legal Information

It's crucial to note that no class has been certified yet. This means that until a class certification is achieved, individuals are not formally represented by the counsel unless they personally engage one. You may choose to engage your attorney or remain an absent class member without any obligation.

Your ability to benefit from any potential future recovery does not hinge on serving as a lead plaintiff; hence, you may opt to remain less involved while still being entitled to all applicable legal rights as the case unfolds.

Follow-Up and Updates

For continuous updates on the case or further inquiries, interested parties can follow Rosen Law Firm on their social media channels or directly through their official website. Staying informed is imperative as new developments may affect your standing or strategy in this class action.

The deadline is approaching quickly, so if you believe you have a stake in this situation, now is the time to act. For additional support, connect with the Rosen Law Firm using the contact details provided above.

Stay proactive, stay informed, and take charge of your investment rights.