NEW YORK, July 21, 2015 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities law firm, announces that it is
investigating potential securities claims on behalf of investors of
LifeLock, Inc. (NYSE: LOCK) resulting from allegations that
LifeLock may have issued materially misleading business information
to the investing public.
On July 21, 2015, the Federal
Trade Commission ("FTC") announced that LifeLock is misleading
consumers about the level of protection it provides, violating a
$12 million settlement with
regulators and 35 states. The FTC said LifeLock did not set up a
program to protect sensitive data like credit card numbers, social
security numbers and bank account numbers, which the company agreed
to do as part of the 2010 settlement.
The FTC also says LifeLock didn't keep records it had agreed to
maintain and has falsely advertised that consumers' data received
the same level of protection as financial institutions get and that
consumers would be alerted as soon as the company discovered a
potential problem.
As a result of this announcement, LifeLock's stock has fallen
almost 50% to $8.15 per share from
its previous close of $16.06 on
July 20, 2015.
If you purchased shares of LifeLock and have suffered a loss
from your investment in LifeLock common stock and would like to
learn more about this investigation, including your ability to
potentially recover your losses, please contact us either by email
at contact@tripplevy.com or by telephone at (800) 511-7037 or visit
our website at www.tripplevy.com.
Tripp Levy PLLC is a leading national securities and shareholder
rights law firm representing both individual and institutional
shareholders and, along with its affiliate, have recovered billions
of dollars for shareholders. Tripp Levy PLLC is affiliated with
Milberg LLP. The National Law Journal has named Milberg one
of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading
Plaintiff Firms in America."
Attorney advertising. Prior results do not indicate a
similar outcome
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
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SOURCE Tripp Levy PLLC