INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Intrusion, Inc. (INTZ) on Behalf of Investors
BENSALEM, Pa.–(BUSINESS WIRE)–$INTZ #CLASSACTION–Law Offices of Howard G. Smith continues its investigation on behalf of Intrusion, Inc. (â€œIntrusionâ€ or the â€œCompanyâ€) (NASDAQ: INTZ) investors concerning the Company and its officersâ€™ possible violations of federal securities laws.
On April 14, 2021, White Diamond Research published a report alleging, among other things, that Intrusionâ€™s product, Shield, â€œhas no patents, certifications, or insurance, which are all essential for selling cybersecurity productsâ€ and that â€œShield is based on open-source data already available to the public.â€ Thus, the report stated that â€œShield is a repackaging of pre-existing technology rather than an innovative offering.â€ Moreover, the report alleged that the claims that Shield â€œstopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta programâ€ were â€œoutlandish,â€ leading White Diamond to question â€œ[h]ow have these companies been able to function so far, as theyâ€™ve been attacked many times per minute by ransomware, malware, data theft, phishing and DDoS attacks?â€
On this news, the Companyâ€™s share price fell $4.50, or 16%, to close at $23.75 per share on April 14, 2021, thereby injuring investors.
If you purchased Intrusion securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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