Alarum Technologies class actions dismissed in U.S. and Israel
Alarum Technologies Ltd. reports that a motion to certify a securities class action in Israel has been voluntarily dismissed, following the earlier voluntary dismissal of a parallel complaint in the United States.
Rhea-AI Filing Summary
Alarum Technologies Ltd. reports that a motion to certify a securities class action in Israel has been voluntarily dismissed, following the earlier voluntary dismissal of a parallel complaint in the United States. Both proceedings targeted the company and certain officers over the same alleged misrepresentations in its disclosures under U.S. law.
The Israeli applicant asked to withdraw the case without costs or compensation, and the Israeli court approved this request on December 11, 2025, dismissing the class motion and the applicant’s personal claim with prejudice. The court noted that the U.S. plaintiffs’ voluntary dismissal, which was approved by the U.S. court, was a reasonable indication that the Israeli case also lacked prospects. Alarum states that there was no settlement and that it did not file any statement of defense in either jurisdiction.
Positive
- Both the Israeli motion to certify a class action and the parallel U.S. securities complaint were voluntarily dismissed without settlement, costs, or compensation to the applicants or their attorneys.
- The Israeli court dismissed the applicant’s personal claim with prejudice and cited the U.S. court-approved dismissal as an indication that the Israeli case had low prospects on the merits.
Negative
- None.
Insights
Parallel securities class actions in Israel and the U.S. were both voluntarily dismissed without settlement or costs.
Alarum Technologies discloses that investors who brought parallel securities class actions in Israel and in the U.S. have voluntarily withdrawn their claims. The Israeli court dismissed the motion to certify a class action and the applicant’s personal claim with prejudice, after the U.S. lead plaintiffs had already dismissed their complaint and obtained court approval.
The Israeli decision explicitly points to the U.S. dismissal as a reasonable signal that the Israeli case had low prospects, particularly because both were based on the same alleged misrepresentations under U.S. law. There was no settlement, no compensation, and no order for costs, and Alarum did not file a statement of defense in either forum. This outcome removes the immediate securities class action overhang without direct monetary payments by the company as described.
FAQ
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What did Alarum Technologies (ALAR) announce regarding its Israeli class action?
What happened to the parallel U.S. securities complaint against Alarum Technologies (ALAR)?
Did Alarum Technologies (ALAR) enter into any settlement to resolve these proceedings?
Were there any defense filings or costs imposed on Alarum Technologies (ALAR)?
How did the Israeli court view the prospects of the case against Alarum Technologies (ALAR)?
What is Alarum Technologies’ (ALAR) position on the class action allegations?
AI-generated analysis. How Rhea-AI works. Not financial advice.