Intrusion Inc. (INTZ)
Class Action & Lead Plaintiff Deadline: June 15, 2021
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Intrusion Inc. (“Intrusion” or the “Company”) (NASDAQ: INTZ) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Intrusion securities between January 13, 2021 and April 13, 2021, both dates inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) Intrusion's Shield product was merely a repackaging of existing technology in the Company's portfolio; (2) Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products; (3) the Company had overstated the efficacy of Shield's purported ability to protect against cyberattacks; (4) as a result of the foregoing, Intrusion's Shield was reasonably unlikely to generate significant revenue; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. You can review a copy of the Complaint and sign the certification form or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Intrusion you have until June 15, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.