Varonis(US:VRNS) Globenewswire·2026-01-24 15:11Core Viewpoint - A securities class action lawsuit has been filed against Varonis Systems, Inc. for alleged material misstatements and omissions affecting investors who purchased or acquired Varonis common stock between February 4, 2025, and October 28, 2025 [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 allegedly made misleading statements regarding the company's business operations and prospects, which lacked a reasonable basis [2]. - The lead plaintiff deadline for the lawsuit is set for March 9, 2026, allowing affected investors to seek representation [3][6]. Group 2: Legal Representation - Kessler Topaz Meltzer & Check, LLP is the law firm representing the class of investors and encourages those who suffered losses to contact them for more information [4][5]. - The firm has a strong reputation in securities-fraud class actions and has achieved significant recoveries in past litigations [5]. Group 3: Investor Information - Affected investors can choose to become lead plaintiffs or remain absent class members, with their ability to recover not impacted by this decision [3]. - The firm operates globally, with offices in Pennsylvania and California, and offers assistance to investors at no cost [6][7].