Defendant Name:
Intrusion Inc.
Defendant Type:
Public Company
SIC Code:
3674
CUSIP:
46121E20
Document Reference:
comp25854
Document Details
Legal Case Name
SEC v. Intrusion Inc.
Document Name
Complaint
Document Date
26-Sep-2023
Document Format
Civil Proceeding
Case Number
23-cv-00859
Federal District Court
Texas, Eastern District of Texas
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC alleged: "From May 2020 through May 2021, in press releases, earnings calls, interviews, and other statements, Intrusion, through the Former CEO, made materially false and misleading statements regarding: (a) the Former CEO's background and experience; (b) the Company's success in marketing Shield to participants in its beta testing program; and (c) certain Company contracts, or purported contracts, with prospective customers. Intrusion's conduct violated the antifraud, current reporting, and disclosure controls and procedures provisions of the federal securities laws."