GPM Announces Investigation of LifeLock, Inc.
21 Juli 2015 - 10:11PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf investors of LifeLock, Inc. ("LifeLock" or
the “Company”) (NYSE:LOCK) concerning the Company’s and its
officers’ possible violations of federal securities laws. GPM is
preparing a lawsuit to recover damages suffered by LifeLock
investors.
LifeLock provides identity theft protection services for
consumers. On July 21, 2015, the Federal Trade Commission (“FTC”)
asserted that, “LifeLock, violated a 2010 settlement with the
agency and 35 state attorneys general by continuing to make
deceptive claims about its identity theft protection services, and
by failing to take steps required to protect its users’ data.”
In documents filed with the U.S. District Court for the District
of Arizona, the FTC charged that LifeLock failed to live up to its
obligations under the 2010 settlement, and asked the court to
impose an order requiring LifeLock to provide full redress to all
consumers affected by the company’s order violations. FTC Director
of the FTC’s Bureau of Consumer Protection further stated that, “It
is essential that companies live up to their obligations under
orders obtained by the FTC. If a company continues with practices
that violate orders and harm consumers, we will act.”
On this news shares of LifeLock plunged over $6.06 per share, or
nearly 40%, during intraday trading on July 21, 2015.
If you purchased shares of LifeLock, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Casey Sadler of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721006592/en/
Glancy Prongay & Murray LLP, Los AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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