The investigation centers on whether Alarum provided inaccurate or misleading information to the public before the federal enforcement action became known. On July 2, 2026, the company acknowledged that both it and its NetNut subsidiary were notified of the FBI seizure of specific domains associated with their residential proxy network business. The market reaction was immediate and severe, with the company's American Depositary Shares plummeting in the following trading session.
Shareholders who acquired securities during the period in question are now being invited to join a prospective class action. Rosen Law Firm, which is heading the inquiry, operates on a contingency fee basis, meaning investors face no out-of-pocket costs to participate. Those seeking more information or wishing to join the litigation are directed to contact Phillip Kim at the firm's New York office.
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