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An investigation on behalf of current long term investors in Intrusion Inc. (NASDAQ: INTZ) shares.
Certain directors of Intrusion Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Intrusion Inc. (NASDAQ: INTZ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NASDAQ: INTZ stocks follows a lawsuit filed against Intrusion Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: INTZ stocks, concerns whether certain Intrusion Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of Texas the plaintiff alleges that the Defendants failed to disclose to investors that Intrusion’s Shield product was merely a repackaging of existing technology in the Company’s portfolio, that Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products, that the Company had overstated the efficacy of Shield’s purported ability to protect against cyberattacks, that, as a result of the foregoing, Intrusion’s Shield was reasonably unlikely to generate significant revenue, and that, 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.
Those who purchased shares of Intrusion Inc. (NASDAQ: INTZ) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
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