Investigation of LifeLock, Inc. Announced by The Law Offices of Howard G. Smith
22 Juli 2015 - 11:42PM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of LifeLock, Inc. ("LifeLock" or the “Company”)
(NYSE:LOCK) concerning the Company’s and its officers’ possible
violations of federal securities laws. Law Offices of Howard G.
Smith 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. The FTC
Director of the 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 $7.91 per share, or
nearly 50%, to close on July 21, 2015 at $8.15 per share on
unusually high volume.
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 Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20150722006491/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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