Levi & Korsinsky Files Class Action for Alarum Technologies Ltd. Investors

NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP has announced that they are notifying investors in Alarum Technologies Ltd. ("Alarum Technologies Ltd." or the "Company") trading under the symbol ALAR about a pending class action securities lawsuit.

CLASS DEFINITION: This lawsuit aims to seek compensation for the investors in Alarum Technologies Ltd. who experienced losses due to alleged securities fraud during the period from March 14, 2024, to August 26, 2024. Interested parties can find more information and get in touch with a member of the legal team by following the link below:

More Information

Investors affected by this situation can also reach out to Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.

CASE DETAILS: The lawsuit claims that the defendants made untrue statements or concealed critical information, including that: (i) Alarum Technologies Ltd. struggled more than disclosed with customer retention and engagement; (ii) this difficulty would hinder Alarum's capacity to achieve steady revenue growth; (iii) consequently, Alarum's business outlook was overly optimistic; and (iv) these issues resulted in misleading and inaccurate public statements from the Company.

WHAT'S NEXT? If you have incurred a loss while investing in Alarum Technologies Ltd. between the relevant dates, you have until April 15, 2025 to apply for lead plaintiff status in court. However, being appointed as a lead plaintiff is not a requirement for sharing in any recovery that may result from the lawsuit.

NO COST TO YOU: If you qualify as a class member, you may be eligible for financial restitution without incurring any upfront costs. Participating carries no financial obligation.

WHY LEVI & KORSINSKY: For over 20 years, Levi & Korsinsky has successfully represented shareholders, securing hundreds of millions of dollars in settlements. Their firm possesses extensive experience in complex securities litigation, supported by a dedicated team of over 70 professionals. For seven consecutive years, Levi & Korsinsky has been recognized in the ISS Securities Class Action Services' Top 50 Report as one of the leading securities litigation firms in the nation.

CONTACT: For inquiries, please reach out to Levi & Korsinsky, LLP:

Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Telephone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com

lawsuit, investors, Alarum