NEW YORK, July 22, 2015 /PRNewswire/ -- Milberg LLP
announces that it is investigating whether LifeLock, Inc.
("LifeLock" or the "Company") (NYSE: LOCK), and certain of its
officers and directors have violated federal securities laws.
On July 21, 2015, news reports
indicated that the Federal Trade Commission (FTC) claims LifeLock
has violated a 2010 settlement by continuing to run allegedly
deceiving advertising. The FTC asserted that LifeLock failed to
protect consumer data, issued false advertisements of its services
and failed to keep proper records. As part of the 2010 settlement,
the LifeLock was required to pay consumers $12 million in refunds.
As a result, shares of LifeLock fell roughly 47% in intra-day
trading.
Milberg LLP is widely recognized as a leading class action and
complex litigation firm, representing individual and institutional
investors, unions, consumers and business entities in their pursuit
for justice. If you have any information about the Company, or if
you purchased LifeLock shares, and you would like to learn more
about this potential matter, please contact the following
attorney:
Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: contactus@milberg.com
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SOURCE Milberg LLP