TMX Newsfile·2026-01-17 02:13Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Varonis Systems, Inc. securities, alleging that the company made materially false and misleading statements regarding its business operations and growth potential during the specified Class Period from February 4, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Varonis was unable to maintain its Annual Recurring Revenue (ARR) projections while transitioning existing customers to its software-as-a-service (SaaS) model [5]. - It is alleged that Varonis lacked the capability to convince existing users of the benefits of the SaaS offering, leading to a significant reduction in near-term ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis regarding its business and prospects were materially misleading and lacked a reasonable basis, resulting in investor damages when the true situation was revealed [5]. Group 2: Participation Information - Investors who purchased Varonis securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the Court by March 9, 2026, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].