Alarum Technologies .(US:ALAR) Globenewswire·2025-03-13 17:04Core Viewpoint - Alarum Technologies Ltd. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 14, 2024, and August 26, 2024, impacting investors adversely [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Alarum Technologies Ltd. made false statements regarding its effectiveness in retaining and expanding customer engagements, which misled investors [2]. - It is alleged that these misrepresentations impaired Alarum's ability to generate consistent revenue growth, leading to overstated business and financial prospects [2]. - As a result, the company's public statements were materially false and misleading during the relevant time frame [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until April 15, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securing compensation for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].