The legal action, spearheaded by the firm Faruqi & Faruqi, LLP, centers on allegations that Alarum and its executives misled shareholders regarding the operations of its NetNut division. The complaint asserts that the company failed to disclose that NetNut was allegedly linking customer internet devices into a network without consent, a practice that reportedly allowed cybercriminals to mask their physical locations. This lack of transparency, according to the lawsuit, created significant legal and regulatory exposure that was hidden from the market.
Alarum Investors Face October 5 Deadline in Securities Class Action
Investors who held Alarum Technologies securities between March 20, 2025, and July 2, 2026, have until October 5, 2026, to seek lead plaintiff status in a federal class action lawsuit. The litigation follows a sharp decline in share price after the FBI seized domains linked to the company’s subsidiary, NetNut.
Financial fallout from these revelations was swift. On July 2, 2026, Alarum acknowledged that the FBI had seized specific domains associated with NetNut. In the following trading session on July 6, the company’s American Depositary Shares plummeted by 51.49%. Investors seeking to participate in the litigation or serve as lead plaintiff are encouraged to contact partner James (Josh) Wilson at 877-247-4292 or 212-983-9330. While lead plaintiffs play a central role in overseeing the case, eligible shareholders may also choose to remain absent class members without affecting their potential recovery.
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