Varonis Investors Urged to Act as March 9 Lead-Plaintiff Deadline Nears in Securities Class Action
Investors face a March 9 deadline to seek lead-plaintiff status over alleged misstatements on SaaS conversions that inflated ARR expectations.
Overview
- Notices from multiple plaintiff firms, including Faruqi & Faruqi, Kessler Topaz, Rosen, DJS Law Group, Schall, and Howard G. Smith, invite Varonis shareholders to seek lead-plaintiff appointment.
- The putative class covers purchasers of Varonis common stock from February 4, 2025 through October 28, 2025.
- Complaints allege Varonis overstated its ability to convert on‑premises customers to its SaaS platform and to maintain ARR growth, rendering positive statements misleading or lacking a reasonable basis.
- Filings cite alleged violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b‑5.
- Press materials note that no class has been certified and that investors are not represented by counsel unless they retain one, with lead-plaintiff motions due by March 9, 2026.