INTZ BREAKING NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Intrusion Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline
NEW YORK, April 24, 2021 / PRNewswire / –
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WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Intrusion Inc.’s securities (NASDAQ: INTZ) between January 13, 2021 and April 13, 2021, including (the “Class Period”). A class action lawsuit has already been filed. If you want to act as lead plaintiff, you must move the court by June 15, 2021.
SO WHAT: If you purchased Burglary Securities during the Class Period, you may be entitled to compensation without payment of cash or contingency fees.
WHAT TO DO: To participate in the Intrusion class action, go to http://www.rosenlegal.com/cases-register-2082.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. To act as lead plaintiff, you must move the court by June 15, 2021. A lead plaintiff is a representative who acts on behalf of other class members in directing the lawsuit.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Companies that issue announcements often lack comparable experience or resources. The Rosen Law Firm represents investors around the world and focuses its practice on class actions and shareholder derivatives disputes. Rosen Law Firm has reached the largest ever settlement of a class action against a Chinese company. Rosen Law Firm was ranked # 1 in ISS Securities Class Action Services for the number of securities classifications settlements in 2017. The company has been in the top 4 every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company insured more than $ 438 million for investors. In 2020 founder Laurence Rosen was named Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys are licensed by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and / or misleading statements and / or failed to disclose during the Class period 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 selling cybersecurity products; (3) Intrusion had overestimated the effectiveness of Shield’s alleged ability to protect against cyber-attacks; (4) As a result of the foregoing, it was reasonably unlikely that Intrusion’s Shield would generate significant income; and (5) as a result of the foregoing, Defendants’ positive statements regarding the Company’s business, activities and prospects were materially misleading and / or lacked a reasonable basis. When the real details hit the market, the lawsuit alleges investors suffered damage.
There is no class certified. Until a class is certified, you will not be represented by counsel unless you keep one. You can choose counsel of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to share in a possible future recovery is not dependent on acting as lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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