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INTZ.US
id: 236, Created by Stan Vick Chase, Scout
Intrusion Inc
Settled
14 October 2020
Class period Start26 August 2021
Class period End31 October 2022
Claim deadlineCeleste, v. Intrusion, Inc.
"The Settlement resolves the Action concerning whether Defendants Intrusion, Jack B. Blount, Michael L. Paxton, B. Franklin Byrd, T. Joe Head, Gary Davis, and James Gero (collectively “Defendants”) violated federal securities laws by allegedly making misrepresentations and/or omissions of material fact in various public statements about the capabilities of Intrusion’s SHIELD product’s artificial intelligence. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability, or damage whatsoever Lead Plaintiff asserted. Defendants have also denied, among other things, the allegations that Lead Plaintiff or the Settlement Class have suffered damages or that Lead Plaintiff or the Settlement Class were harmed by the conduct alleged in the Action. Defendants continue to believe the claims asserted against them in the Action are without merit."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
JAMES CELESTE
Attorney
Rosen Law Firm
Court
Eastern District of Texas
Judge
Sean D. Jordan
Administrator
Strategic Claims Services
Court hearing date
30 November 2022
+$3,250,000
Total Settlement Amount