HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Intrusion (INTZ) Investors with Losses to Contact Its Attorneys Now, Securities Class Action Filed

San Francisco, California--(Newsfile Corp. - April 19, 2021) -  Hagens Berman urges Intrusion Inc. (NASDAQ: INTZ) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Jan. 13, 2021 - Apr. 13, 2021
Lead Plaintiff Deadline: June 15, 2021
Visit: www.hbsslaw.com/investor-fraud/INTZ
Contact An Attorney Now: INTZ@hbsslaw.com
844-916-0895

Intrusion Inc. (NASDAQ: INTZ) Securities Fraud Class Action:

The litigation centers on Intrusion's statements about the viability of its purported cybersecurity tool, Shield.

According to the complaint, Intrusion has repeatedly touted Shield's superiority in the wake of recent cyberattacks involving SolarWinds and FireEye that impacted government agencies and 18,000 SolarWinds customers. The company's CEO has even claimed "we can confidently say Shield would have protected our customers where clearly other securities approaches failed." In addition, Intrusion has recently touted signing up several large customers. Investors reacted positively, driving the price of Intrusion shares higher.

But, according to the complaint, these claims were brought into question on Apr. 14, 2021 when analyst White Diamond Research published a scathing report. White Diamond observed Shield has no patents, certifications, or insurance, which are all essential for selling cybersecurity products. White Diamond also accused Intrusion of hyping Shield beta testing with associated parties and misrepresenting Shield as an innovative offering rather than a re-packaging of pre-existing technology, and expressed doubt that the recently purported new sales agreements are revenue-generating.

In addition to the complaint's allegations, White Diamond stated "we interviewed a cybersecurity expert who said Intrusion and its Shield product are 'garbage.'"

In response to this report, the price of Intrusion shares fell sharply lower.

"We're focused on investors' losses and proving Intrusion is a pump-and-dump scheme," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an Intrusion investor and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Intrusion should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email INTZ@hbsslaw.com.

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About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

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