Varonis(US:VRNS) Globenewswire·2026-01-23 03:33Core Viewpoint - Rosen Law Firm is reminding purchasers of Varonis Systems, Inc. common stock about a class action lawsuit with a lead plaintiff deadline of March 9, 2026 [1] Group 1: Class Action Details - Investors who purchased Varonis common stock between February 4, 2025, and October 28, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6] - Investors wishing to serve as lead plaintiff must file a motion with the court by March 9, 2026 [3] Group 2: Case Allegations - The lawsuit alleges that Varonis made materially false and misleading statements regarding its ability to maintain Annual Recurring Revenue (ARR) projections while transitioning customers to a software-as-a-service (SaaS) model [5] - It is claimed that Varonis was not adequately prepared to convince existing users of the benefits of the SaaS offering, leading to reduced ARR growth potential [5] - The lawsuit asserts that the positive statements made by Varonis about its business and prospects were misleading and lacked a reasonable basis, resulting in investor damages when the truth was revealed [5] Group 3: Rosen Law Firm's 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 for investors [4] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]