September 24, 2020 - The court preliminarily approved the settlement.

June 11, 2020 - A stipulation and agreement of settlement was entered by the parties.

February 14, 2020 - A second amended complaint was filed.

December 19, 2019 - The court granted the defendants' motion to dismiss. The court gave leave to amend the complaint.

August 6, 2019 - A motion to dismiss the amended complaint was filed.

June 7, 2019 - An amended complaint was filed.

January 22, 2019 - An investor in shares of Arlo Technologies, Inc. (NYSE: ARLO) filed a lawsuit over alleged violations of Securities Laws by Arlo Technologies, Inc in connection with the Company’s Initial Public Offering (“IPO”).

San Jose, CA based Arlo Technologies, Inc. provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. Arlo Technologies, Inc. reported that its annual Total Revenue rose from $184.6 million in 2016 to $370.65 million in 2017 and that its Net Loss of $13.74 million in 2016 turned into a Net Income of $6.54 million in 2017.

On or around August 3, 2018, Arlo Technologies, Inc. completed its IPO selling 11,747,250 shares of common stock priced at $16.00 per share. Shares of Arlo Technologies, Inc. (NYSE: ARLO) reached as high as $23.77 per share on August 27, 2018.

On November 30, 2018, Arlo Technologies, Inc. announced its flagship wire-free security camera system called Arlo Ultra ( Ultra ). The Company touted a newly designed rechargeable battery that would purportedly enable the Ultra product to provide 4K Ultra HD resolution with high dynamic range, color night vision, and advanced image processing.

Then, on December 3, 2018, Arlo Technologies, Inc. reported a delay in shipments of Ultra, citing a quality issue with the battery from one of its suppliers that was discovered during the product's final testing phase. As a result of the delay, Ultra also lowered its fourth quarter 2018 financial guidance, advising investors that it anticipated net revenue to be in the range of $125 million to $130 million, non-GAAP gross margin to be approximately 10%, and non-GAAP operating loss to be approximately 20% of revenue. Shares of Arlo Technologies, Inc. (NYSE: ARLO) declined to $8.76 per ahare on December 6, 2018. The plaintiff alleges that the Registration Statement filed in connection with the Company’s IPO was materially false and misleading and omitted to state that there was a quality issue with certain batteries used in Arlo’s new flagship wire-free security camera system, Arlo Ultra, that quality issues could delay the commercial launch of Arlo’s Ultra product, that the quality issues with the Arlo product jeopardized Arlo’s ability to launch the product in time for the crucial holiday season, that a delay in launching Arlo’s Ultra would result in a product void that would be filled by Arlo’s competitors, allowing them to gain market share, that Arlo users had been experiencing problems with battery drain, including among others, battery issues associated with recent firmware updates, that, as a result of the foregoing, the Company’s revenue, earnings, financial performance, and ability to expand its user base, would be negatively impacted, and that, as a result of the foregoing, Defendants’ statements in the Registration Statement regarding Arlo’s business, operations, and prospects, were materially false and/or misleading.