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Events / Rosen Law Firm Files Class Action...
Business class action lawsuit

Rosen Law Firm Files Class Action Against Varonis Systems

Analysis based on 52 articles · First reported Jan 28, 2026 · Last updated Feb 20, 2026

Sentiment
-20
Attention
2
Articles
52
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The class action lawsuit against Varonis Systems could negatively impact its stock price due to allegations of misleading statements and potential financial liabilities. For the broader market, it serves as a reminder of regulatory scrutiny on corporate disclosures.

Software Legal Services
Event Summary

The Rosen Law Firm has announced a class action lawsuit against Varonis Systems, Inc. on behalf of investors who purchased common stock between February 4, 2025, and October 28, 2025. The lawsuit alleges that Varonis Systems made materially false and/or misleading statements and failed to disclose that it would not be able to maintain its Annual Recurring Revenue (ARR) projections while converting existing on-premise customers to its software-as-a-service (SaaS) offering. Furthermore, it claims Varonis Systems was not adequately equipped to convince existing users to convert to SaaS or retain these customers, leading to reduced ARR growth potential. Investors are encouraged to join the class action, with a lead plaintiff deadline of March 9, 2026. Philip Kim and Lawrence Rosen of the Rosen Law Firm are key figures in this litigation.

Key Actions
100 Varonis Systems misled investors about SaaS transition and financial performance
100 Varonis Systems misled market regarding SaaS transition and ARR projections
100 Varonis Systems stock price crashed 48%, wiping out $3.8 billion in market capitalization
100 Rosen Law Firm filed class action lawsuit Varonis Systems
95 Varonis Systems experienced a 48% stock crash and $3.8 billion market cap loss
95 Varonis Systems experienced 63.9% year-over-year decline in term license subscription revenues
90 Hagens Berman Sobol Shapiro LLP filed a securities class action lawsuit Varonis Systems
90 Varonis Systems allegedly made false/misleading statements
+ 3 more actions View on Dashboard
Entities Involved
stock
Varonis Systems
Varonis Systems is facing a class action lawsuit alleging that it made materially false and/or misleading statements regarding its ability to maintain ARR projections and convert customers to its SaaS offering. This could lead to financial penalties and reputational damage for the company.
Importance 100 Sentiment -40
priv
Rosen Law Firm
The Rosen Law Firm is actively representing investors in a class action lawsuit against Varonis Systems, seeking compensation for alleged damages. This event enhances their reputation as a leading investor rights law firm.
Importance 80 Sentiment 60
priv
Hagens Berman Sobol Shapiro LLP
Hagens Berman Sobol Shapiro LLP is a national shareholder rights law firm that has filed a securities class action lawsuit against Varonis Systems. The firm is actively seeking investors who suffered losses to join the lawsuit.
Importance 80 Sentiment 60
per
Philip Kim
Philip Kim, an attorney at the Rosen Law Firm, is a key contact for investors interested in joining the Varonis Systems class action lawsuit. His involvement highlights his role in investor rights litigation.
Importance 70 Sentiment 50
per
Reed Kathrein
Reed Kathrein is a partner at Hagens Berman Sobol Shapiro LLP and is leading the firm's investigation into the alleged claims against Varonis Systems. He is advising investors who purchased Varonis Systems shares during the Class Period.
Importance 70 Sentiment 50
per
Lawrence Rosen
Lawrence Rosen, founding partner of the Rosen Law Firm, is mentioned for his firm's success in securities class actions, reinforcing the firm's credibility in this lawsuit.
Importance 60 Sentiment 50
govactor
United States===United States Securities and Exchange Commission
The United States===United States Securities and Exchange Commission (SEC) Whistleblower program is mentioned as an option for individuals with non-public information regarding Varonis Systems to potentially receive rewards.
Importance 20 Sentiment 0
+ 1 more entities View on Dashboard
Relationships
Philip Kim related ↔ Rosen Law Firm
Lawrence Rosen related ↔ Rosen Law Firm
Varonis Systems related ↔ Rosen Law Firm
Philip Kim related ↔ Varonis Systems
Hagens Berman Sobol Shapiro LLP related ↔ Varonis Systems
Reed Kathrein related ↔ Hagens Berman Sobol Shapiro LLP
Rosen Law Firm related ↔ Varonis Systems
Reed Kathrein related ↔ Varonis Systems
Hagens Berman Sobol Shapiro LLP related ↔ Rosen Law Firm
Reed Kathrein related ↔ Rosen Law Firm
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