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INTZ.US

id: 236

Intrusion (INTZ) $3.25 Million Shareholder Settlement

The settlement funds have been distributed to claimants.

$3,250,000

Cash Settlement

E.D. Texas

Court

4:21-cv-00307

Case number

10/14/2020

Class period Start

08/26/2021

Class period End

10/31/2022

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

11/30/2022

Trades matching type

FIFO

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