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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges Varonis Systems, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Varonis Systems, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Varonis Systems, Inc. alleging that the company made materially false statements and failed to disclose material facts regarding its ability to convert customers to its SaaS offering, resulting in artificially inflated stock prices during the class period of February 4, 2025 to October 28, 2025. Investors who suffered losses have until March 9, 2026 to request lead plaintiff status.

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The company is the subject of a securities fraud class action lawsuit alleging material misstatements about its SaaS conversion capabilities and customer retention, which caused investors to purchase securities at artificially inflated prices. This represents significant legal and reputational risk.