Alarum faces securities fraud lawsuit over FBI investigations

NEW YORK, Sept. 3, 2026 /CourierPR/ -- The lawsuit centers on allegations that Alarum and certain of its officers and directors may have engaged in securities fraud or unlawful business practices. Investors have until October 5, 2026, to seek appointment as Lead Plaintiff for the class. A copy of the Complaint can be obtained at the firm’s website, www.pomerantzlaw.com.

The catalyst for this legal action came from two significant news reports published on July 2, 2026. Reuters reported that Google and the FBI had taken action to "weaken a network of internet-connected devices" being used to conceal and route malicious online traffic, targeting Alarum's subsidiary, NetNut, and the Popa botnet. Following this news, the price of Alarum's American Depositary Receipts (ADRs) fell $2.67 per ADR, or 20.8%, to close at $6.35 per ADR.

Later the same day, Bloomberg reported that the FBI was investigating whether Alarum's subsidiary NetNut had played a role in linking customers' home internet devices without their consent into a network used to disguise locations. The FBI had seized multiple internet domains as part of a coordinated law enforcement effort targeting NetNut's residential proxy platforms and its users. Following this news, the price of Alarum's ADRs plummeted, falling $4.96 per ADR, or 61.85%, over the following two trading sessions, closing at $3.06 per ADR on July 6, 2026.

Pomerantz Law Firm, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is a leading firm in securities class litigation. Founded by the late Abraham L. Pomerantz, the firm has a history of fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. Pomerantz has recovered numerous multimillion-dollar damages awards on behalf of class members.