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INTZ.US
id: 236

Intrusion (INTZ) $3.25 Million Shareholder Settlement

E.D. Texas
Court
4:21-cv-00307
Case number
14 Oct 2020
Class period Start
26 Aug 2021
Class period End
31 Oct 2022
Claim deadline
Intrusion (INTZ) settled $3.25 million with shareholders.

The Settlement resolves the Action concerning whether Intrusion, Jack B. Blount, Michael L. Paxton, B. Franklin Byrd, T. Joe Head, Gary Davis, and James Gero 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.
Case Status
Disbursed
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.2
Plaintiffs
JAMES CELESTE
Attorneys
Rosen Law Firm
Defendants
Jack B. Blount, Michael L. Paxton, B. Franklin Byrd, T. Joe Head, Gary Davis, James Gero
Judge
Sean D. Jordan
Administrator
Strategic Claims Services
Court hearing date
30 November 2022
Trades matching type
FIFO
+$3,250,000
Cash Settlement Amount

Intrusion Inc

Intrusion Inc. operates as a cybersecurity company in the United States. It provides its customers access to threat intelligence database, which contains the historical data, known associations, an...

    Ticker
    INTZ.US
    ISIN
    US46121E2054
    CIK
    736012
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    101 East Park Boulevard, Plano, TX, United States, 75074