Overview
- Reuters and Bloomberg reporting on July 2, 2026 said Google worked with the FBI to disrupt a network tied to NetNut and that the FBI was investigating whether NetNut linked customers' home internet devices without consent.
- The DOJ was reported to have seized multiple internet domains tied to NetNut's residential proxy infrastructure, a step that plaintiffs cite as the law‑enforcement basis for their claims.
- Alarum's ADRs plunged after the July reporting, falling about 20.8% on July 2 and then dropping to $3.06 by July 6, 2026, losses that underlie the investor suits.
- Three investor‑rights firms — Pomerantz, Rosen, and Glancy Prongay Wolke & Rotter — have filed or announced securities class actions alleging Alarum concealed NetNut's conduct and are soliciting investors to seek lead‑plaintiff status.
- No class has been certified and investigations and litigation remain unresolved, with October 5, 2026 as the court deadline for anyone seeking to be named lead plaintiff and possible consolidation or motions to follow.