Core Viewpoint - The Alarum Technologies class action lawsuit alleges that the company and its executives made misleading statements regarding customer engagement and revenue growth, leading to significant financial losses for investors during the specified class period [3][4]. Group 1: Lawsuit Details - The class action lawsuit seeks to represent purchasers of Alarum Technologies Ltd. securities from March 14, 2024, to August 26, 2024 [1]. - The lawsuit is titled Velvart v. Alarum Technologies Ltd., No. 25-cv-01263 (D.N.J.) and charges the company with violations of the Securities Exchange Act of 1934 [1]. - Alarum Technologies is accused of being less effective in retaining and expanding customer engagements than previously represented, which would impair its ability to generate consistent revenue growth [3]. Group 2: Financial Impact - On August 26, 2024, Alarum Technologies announced an expected third-quarter revenue of 9.2 million projected by analysts [4]. - Following this announcement, the price of Alarum Technologies' American Depositary Receipts fell by over 31% [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Alarum Technologies securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in such cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].
ALAR INVESTOR ALERT: Alarum Technologies Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit