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INTZ, FKWL & CS Reminders: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Investors to Contact the Firm

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·3 min read
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NEW YORK, NY / ACCESSWIRE / May 4, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Intrusion Inc. (NASDAQ:INTZ)
Class Period:
January 13, 2021 - April 13, 2021
Deadline: June 15, 2021
For more info: www.bgandg.com/intz.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) Intrusion's Shield product was merely a repackaging of existing technology in the Company's portfolio; (2) Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products; (3) the Company had overstated the efficacy of Shield's purported ability to protect against cyberattacks; (4) as a result of the foregoing, Intrusion's Shield was reasonably unlikely to generate significant revenue; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Franklin Wireless Corp. (NASDAQ:FKWL)
Class Period:
September 17, 2020 - April 8, 2021
Deadline: June 15, 2021
For more info: www.bgandg.com/fkwl.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) Franklin's hotspot devices suffered from battery issues, including overheating, thereby presenting a fire hazard; (2) as a result, it was reasonably likely that the Company's customers would recall Franklin's devices; (3) as a result, Franklin would suffer reputational harm; and (4) consequently, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Reminds Credit Suisse Group AG(NYSE:CS)
Class Period:
October 29, 2020 - March 31, 2021
Deadline: June 15, 2021
For more info: www.bgandg.com/cs.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts. Specifically, the Company concealed material defects in its risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, including Greensill Capital ("Greensill") and Archegos Capital Management ("Archegos"), exposing the Company to billions of dollars in losses. Subsequently, as the Company disclosed billions of dollars in losses tied to the collapse of its Greensill-linked funds and the implosion of total return swap positions it had entered into with Archegos, the price of Credit Suisse ADRs to plummeted.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/643739/INTZ-FKWL-CS-Reminders-Bronstein-Gewirtz-Grossman-LLC-Reminds-Shareholders-of-Class-Actions-and-Encourages-Investors-to-Contact-the-Firm