Varonis(US:VRNS) Globenewswire·2026-01-19 15:58Core 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, impacting investors who purchased or acquired Varonis common stock [1][6]. Group 1: Lawsuit Details - 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 are accused of making misleading statements regarding the company's business operations and future prospects, which lacked a reasonable basis [2]. Group 2: Investor Information - Affected investors can seek to be appointed as lead plaintiffs by March 9, 2026, through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff will represent the interests of all class members in the litigation process [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, representing both individual and institutional investors [5]. - The firm has achieved significant recoveries in securities litigation and has received multiple accolades for its work in this field [5].