Varonis(US:VRNS) Globenewswire·2026-01-09 17:00Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for alleged violations of federal securities laws during the Class Period from February 4, 2025, to October 28, 2025, impacting investors who purchased Varonis securities during this time [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Varonis made materially false statements and failed to disclose critical information regarding its ability to convert its existing customer base to its SaaS offering, which has led to reduced annual recurring revenue (ARR) growth potential [3]. - The complaint alleges that these misleading statements caused investors to purchase Varonis securities at artificially inflated prices [3]. Group 2: Investor Actions - Investors who suffered losses in Varonis have until March 9, 2026, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if the lawsuit is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6]. - The firm emphasizes its commitment to restoring investor capital and ensuring corporate accountability [6].