Varonis(US:VRNS) Globenewswire·2026-01-14 23:44Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. for alleged material misstatements and omissions during the class period from February 4, 2025, to October 28, 2025, affecting investors who purchased or acquired Varonis common stock [1][6]. Group 1: Allegations and Class Period - The lawsuit claims that Varonis was not adequately prepared to sustain its Annual Recurring Revenue (ARR) growth without maintaining a high rate of quarterly conversions [2]. - Defendants allegedly made misleading statements regarding the company's business operations and prospects, which lacked a reasonable basis [2]. - The class period for the lawsuit is defined as February 4, 2025, to October 28, 2025 [6]. Group 2: Legal Process and Representation - Investors affected by the alleged misstatements can seek to be appointed as lead plaintiffs by March 9, 2026, through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff represents the interests of all class members and selects counsel to direct the litigation [3]. - Investors can choose to remain absent from the class while still being eligible for any recovery [3]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is a prominent U.S. law firm specializing in securities-fraud class actions and investor protection [5]. - The firm has a history of leading significant recoveries in securities litigation and has received multiple accolades for its work [5]. - KTMC operates globally with offices in Pennsylvania and California, representing both individual and institutional investors [5].