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VRNS Deadline: Rosen Law Firm Urges Varonis Systems, Inc. (NASDAQ: VRNS) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2026-03-01 22:05
Core Viewpoint - Rosen Law Firm is urging stockholders of Varonis Systems, Inc. to contact them regarding a class action lawsuit related to misleading statements about the company's business operations and annual recurring revenue projections for the fiscal year 2025 [1]. Group 1: Allegations and Lawsuit Details - The class action lawsuit involves purchasers of Varonis common stock between February 4, 2025, and October 28, 2025, alleging that the company misled investors about its ability to convert existing customers to its software-as-a-service (SaaS) model [1]. - The lawsuit claims that Varonis provided overly positive statements regarding its expected annual recurring revenue (ARR) while concealing material adverse facts about its capability to maintain customer conversions, leading to inflated stock prices [1]. - It is alleged that the misleading information resulted in significant damages to shareholders when the true state of Varonis' business operations became known [1]. Group 2: Next Steps for Shareholders - Shareholders interested in participating in the class action must file their motions to serve as lead plaintiff by March 9, 2026 [1]. - A lead plaintiff represents other class members in directing the litigation, but participation is not required to be eligible for recovery [1]. - All legal representation is on a contingency fee basis, meaning shareholders will not incur fees or expenses unless they recover losses [1].
Investor Notice: Robbins LLP Informs Investors of the Snowflake Inc. Class Action Lawsuit
Businesswire· 2026-02-25 19:44
Core Viewpoint - A class action lawsuit has been filed against Snowflake Inc. for allegedly misleading investors about its business prospects during the period from June 27, 2023, to February 28, 2024 [1] Company Overview - Snowflake Inc. is a software company specializing in cloud data storage, enabling customers to consolidate data and run analytics [1] Allegations - The lawsuit claims that Snowflake made positive statements about its business while failing to disclose significant negative impacts from product efficiency gains, Iceberg Tables, and tiered storage pricing on consumption and revenues [1] - On February 28, 2024, Snowflake disclosed financial results that revealed increased revenue headwinds, leading to a significant stock price drop of $41.72, or 18.14%, from $230.00 to $188.28 per share [1]