Core Viewpoint - A class action securities lawsuit has been filed against Alarum Technologies Ltd. for alleged securities fraud affecting investors between March 14, 2024, and August 26, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Alarum Technologies Ltd. made false statements regarding its effectiveness in retaining and expanding customer engagements [2]. - It is alleged that these misrepresentations would impair the company's ability to generate consistent revenue growth [2]. - The complaint asserts that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until April 15, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
Levi & Korsinsky Reminds Alarum Technologies Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 15, 2025 - ALAR