LifeLock, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Breaches of Fiducia...
27 Juli 2015 - 6:41PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed in the United States
District Court for the District of Arizona against LifeLock, Inc.
(“LifeLock”) (NYSE: LOCK) and several officers and directors for
acts taken during the period of July 30, 2014 to July 20, 2015 (the
“Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of LifeLock. If you are an affected LifeLock
shareholder and want to learn more about the lawsuit or join the
action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via
email at shareholders@thebriscoelawfirm.com, Patrick Powers at
Powers Taylor LLP via email at shareholder@powerstaylor.com, or
call toll free at (877) 728-9607. There is no cost or fee to
you.
According to the complaint, the defendants are alleged to have
violated certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
LifeLock 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 information and that it falsely advertised that it
protected consumers’ sensitive data with the same high-level
safeguards as financial institutions. The complaint also alleges
that LifeLock failed to meet the 2010 settlement orders’
recordkeeping requirement. According to the complaint, these
factors caused LifeLock’s statements about its business,
operations, and prospects to be false and misleading.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150727006001/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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