Law Firm Reminds Investors of Fraud Class Actions

BENSALEM, Pa., Sept. 16, 2026 /CourierPR/ -- Law Offices of Howard G. Smith has reminded investors of the opportunity to lead securities fraud class actions against four publicly-traded companies. The firms, Aardvark Therapeutics, Inc. (NASDAQ: AARD), Simply Good Foods Company (NASDAQ: SMPL), Alarum Technologies, Ltd. (NASDAQ: ALAR), and Alibaba Group Holding Limited (NYSE: BABA), are facing legal challenges over alleged misrepresentations and omissions in their financial disclosures.

Aardvark Therapeutics, Inc. is the subject of a lawsuit alleging that between February 10, 2025, and May 14, 2026, the company made false and misleading statements. Specifically, the lawsuit claims that Aardvark failed to disclose that its drug, ARD-101, was less safe than previously advertised. This omission, according to the complaint, overstated the clinical, regulatory, and commercial prospects of the drug. Investors are encouraged to contact the law firm to discuss their legal rights.

Simply Good Foods Company is another target of a class action. The complaint, covering the period from October 24, 2024, to April 8, 2026, alleges that the company failed to disclose critical information about its acquisition of OWYN. The lawsuit claims that Simply Good Foods lost key managerial personnel following the acquisition, leading to increased general and administrative spending. Additionally, the company is accused of engaging in promotional activities that eroded margins and cutting brand support, ultimately failing to achieve its strategic goals. Investors are urged to contact the law firm for more information.

Alarum Technologies, Ltd., is also facing legal action. The lawsuit, spanning March 20, 2025, to July 2, 2026, alleges that the company's subsidiary, NetNut, engaged in illegal activities by linking customer home internet devices into another network without consent. This practice, the complaint states, allowed cyber criminals to conceal their locations, significantly increasing Alarum Technologies' legal exposure and threatening its business prospects. Investors are encouraged to seek legal advice.

Alibaba Group Holding Limited is the final company in the class action. The lawsuit, covering the period from July 26, 2025, to June 24, 2026, alleges that Alibaba failed to disclose its connection to the Ministry of Industry and Information Technology (MIIT), which, under the National Defense Authorization Act, classified Alibaba as a Chinese military company. The lawsuit claims that this connection posed a risk of distillation attacks against third-party AI models, making Alibaba's positive statements about its business, operations, and prospects misleading.

Investors who believe they have suffered losses due to these alleged misrepresentations are encouraged to contact the Law Offices of Howard G. Smith. The firm can be reached at (215) 638-4847 or by email at [email protected]. The deadline to file a lead plaintiff motion for each company is October 13, 2026, for Aardvark Therapeutics, Inc. and Alibaba Group Holding Limited, and October 5, 2026, for Simply Good Foods Company and Alarum Technologies, Ltd.