Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Intrusion Inc. (INTZ) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
PHILADELPHIA, April 17, 2021 (GLOBE NEWSWIRE) – Kaskela Law LLC announces that a class action lawsuit has been filed against Intrusion Inc. (“Intrusion” or the “Company”) (NASDAQ: INTZ) on behalf of investors who have purchased Company shares between J.January 13, 2021 and April 13, 2021including (the “Class Period”).
IMPORTANT DEADLINE: Investors who purchased Intrusion common stock during the Class Period can: no later than June 15, 2021try to be appointed as the plaintiff’s principal agent in the lawsuit.
Burglary Investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact us Kaskela Law LLC (D. Seamus Kaskela, Esq.) At (484) 258-1585 or email at firstname.lastname@example.org or online at https://kaskelalaw.com/case/intrusion-inc/, to discuss the possibility of actively participating in the action as a representative of the lead plaintiff.
According to the complaint, Intrusion develops, sells and supports products designed to protect companies from cyberattacks by combining advanced threat intelligence with real-time artificial intelligence.
On April 14, 2021, White Diamond Research published a report claiming, among other things, that Intrusion’s product (Shield) “does not contain patents, certifications or insurance that are essential for the sale of cybersecurity products” and that “Shield is based on Open source data already available to the public. The report therefore states, “Shield is more of a repackaging of existing technology than an innovative proposition.” Additionally, the report claimed that the claims that Shield “are stopping.”[ed] A total of 77,539,801 cyberthreats from 805,110 clearly malicious entities. . . in the 90-day beta program “were” failed “what White Diamond asked about”[h]How have these companies been able to function so far as they have been attacked multiple times per minute by ransomware, malware, data theft, phishing and DDoS attacks? “
Following the news, the company’s common stock fell $ 7.72 per share, or more than 27%, on two trading days, closing at $ 20.53 on April 15, 2021 in an unusually high trading volume.
Intrusion investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact Kaskela Law LLC to discuss the opportunity to actively participate in the action as the lead plaintiff’s agent. Kaskela Law LLC only represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073