Core Viewpoint - Alarum Technologies Ltd. is facing allegations of issuing materially false and misleading statements regarding its customer engagement effectiveness and revenue growth potential during the class period from March 14, 2024, to August 26, 2024 [1] Group 1: Allegations and Impact - The complaint claims that Alarum was less effective in retaining and expanding customer engagements than it had represented to investors [1] - This ineffectiveness is said to impair Alarum's ability to generate consistent revenue growth [1] - Consequently, the company's business and financial prospects were overstated, leading to materially false and misleading public statements [1] Group 2: Class Action Details - Shareholders who purchased shares of ALAR during the specified class period are encouraged to register for potential lead plaintiff appointment [1][2] - The deadline for shareholders to seek lead plaintiff status is April 15, 2025 [2] - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Alarum Technologies Ltd.(ALAR) Shareholders