Core Viewpoint - A class action lawsuit has been filed against Alarum Technologies Ltd. for allegedly making false and misleading statements regarding its customer engagement effectiveness and revenue growth potential during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the District of New Jersey on behalf of all individuals and entities who purchased Alarum securities between March 14, 2024, and August 26, 2024 [1]. - Investors have until April 15, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Alarum - The lawsuit claims that Alarum was less effective in retaining and expanding customer engagements than it had represented to investors [3]. - It is alleged that this ineffectiveness would impair Alarum's ability to generate consistent revenue growth [3]. - The lawsuit asserts that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [3].
ALARUM ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Alarum Technologies Ltd.