VRNS Investors Have Opportunity to Lead Varonis Systems, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for alleged violations of securities laws, specifically related to misleading statements about its SaaS offering and customer conversion rates [1][5]. Group 1: Lawsuit Details - The lawsuit pertains to Varonis Systems, Inc. and claims violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Varonis securities between February 4, 2025, and October 28, 2025, are encouraged to contact the Schall Law Firm before March 9, 2026 [2]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against Varonis - The complaint alleges that Varonis made false and misleading statements regarding its ability to convert existing customers to its SaaS platform, which impacted its Annual Recurring Revenue (ARR) growth potential [5]. - The company was aware of its struggles to convince customers to switch to the new platform, leading to materially misleading public statements throughout the class period [5]. - As a result of the revelations about Varonis, investors reportedly suffered damages [5].