Grabar Law Office Investigates Potential Claims Against Officers and Directors of Intrusion, Inc. After an Agreement Is Reached to Settle Class Action

Philadelphia, Pennsylvania--(Newsfile Corp. - May 9, 2022) - Intrusion Inc. (NASDAQ: INTZ) develops, sells, and supports products that purport to protect entities from cyberattacks by combining advanced threat intelligence with real-time artificial intelligence.

A class action complaint has been stayed pending preliminary approval of an agreed settlement. The underlying case alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Intrusion's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (i) Intrusion's Shield product was merely a repackaging of existing technology in Intrusion's portfolio; (ii) Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products; (iii) Intrusion overstated the efficacy of Shield's purported ability to protect against cyberattacks; (iv) thus, Intrusion's Shield was reasonably unlikely to generate significant revenue; and (v) accordingly, defendants' positive statements about Intrusion's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On April 14, 2021, a report was published alleging, among other things, that Intrusion's product, Shield, "has no patents, certifications, or insurance, which are all essential for selling cybersecurity products" and that "Shield is based on open-source data already available to the public." Moreover, the report alleged that claims that Shield "stopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta program" were "outlandish."

On this news, the Company's share price fell over 16% on April 14, 2021, and continued to fall another 14% on April 15, 2021. It is alleged that a result of the Defendants' wrongful acts and omissions, shareholders and the company have suffered significant damage.

Current Intrusion shareholders who have held shares of the stock since at least January 13, 2021, can seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate. If you would like to learn more about this matter at no cost to you, please fill out the form provided at or contact us at or call 267-507-6085. $INTZ

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These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

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