WAYNE, Pa., July 24, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP announces that a class action lawsuit has been filed
in the United States District Court for the District of
Arizona on behalf of purchasers of
common stock of LifeLock, Inc. ("LifeLock" or the "Company") (NYSE:
LOCK) during the period from July 30,
2014 and July 20, 2015,
inclusive (the "Class Period").
LifeLock shareholders may, no later than September 21, 2015, move the Court for
appointment as a lead plaintiff of the Class. If you
purchased shares of LifeLock and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/lock.
LifeLock provides identity theft protection services for
consumers and fraud and risk solutions for enterprises. LifeLock's
threat detection, proactive identity alerts, and comprehensive
remediation services purportedly provide peace of mind for
consumers amid the growing threat of identity theft. In 2010 the
Company entered into a settlement order with the Federal Trade
Commission ("FTC") and purportedly changed its marketing and
business practices in connection with this settlement.
The complaint alleges that throughout the Class Period,
defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, defendants made
false and/or misleading statements and/or failed to disclose, among
others: (1) that the Company had failed to establish and maintain a
comprehensive information security program to protect its users'
sensitive personal data, including credit card, social security,
and bank account numbers; (2) that the Company falsely advertised
that it protected consumers' sensitive data with the same
high-level safeguards as financial institutions; (3) that the
Company failed to meet the 2010 settlement order's record keeping
requirements; and (4) that, as a result of the foregoing, the
Company's statements about its business, operations, and prospects,
were false and misleading and/or lacked a reasonable basis.
If you are a member of the class, you may, no later than
September 21, 2015, request that the
Court appoint you as lead plaintiff of the class. A lead
plaintiff is a representative party that acts on behalf of other
class members in directing the litigation. In order to be
appointed lead plaintiff, the Court must determine that the class
member's claim is typical of the claims of other class members, and
that the class member will adequately represent the class.
Under certain circumstances, one or more class members may
together serve as "lead plaintiff." Your ability to share in
any recovery is not, however, affected by the decision whether or
not to serve as a lead plaintiff. You may retain Ryan &
Maniskas, LLP or other counsel of your choice, to serve as your
counsel in this action.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA
19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/lock
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP