WILMINGTON, Del., July 27, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you, or did you, own shares of LifeLock, Inc. (NYSE:
LOCK)?
- Did you purchase your shares between July 30, 2014 and July 20,
2015, inclusive?
- Did you lose money in your investment in LifeLock,
Inc.?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant
United States Attorney, Timothy J.
MacFall, announces that a complaint has been filed in the
United States District Court for the District of Arizona on behalf of all persons or entities
that purchased the common stock of LifeLock, Inc. ("LifeLock" or
the "Company") (NYSE: LOCK) between July 30,
2014 and July 20, 2015,
inclusive (the "Class Period), alleging violations of the
Securities Act of 1933 against the Company and certain of its
officers (the "Complaint").
If you purchased shares of LifeLock during the Class Period, or
purchased shares prior to the Class Period and still hold LifeLock,
and wish to discuss this action or have any questions concerning
this notice or your rights or interests, please contact Timothy J.
MacFall, Esquire or Peter Allocco of
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803 at (888)
969-4242; by e-mail to info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/lifelock-inc-lock.
The Complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements, and
omitted materially adverse facts, about the Company's business,
operations and prospects. As a result of defendants' alleged
false and misleading statements, the Company's stock traded at
artificially inflated prices during the Class Period.
According to the Complaint, on July 21,
2015, the Federal Trade Commission revealed in a press
release 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.
On this news, shares in LifeLock plummeted more than 49%,
closing at $8.15 per share on
July 21, 2015, on extremely high
trading volume.
If you wish to serve as lead plaintiff, you must move the Court
no later than September 21,
2015. A lead plaintiff is a representative party
acting 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. Your ability to share in any
recovery is not, however, affected by the decision whether or not
to serve as a lead plaintiff. Any member of the proposed
class may move the court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member.
While Rigrodsky & Long, P.A. did not file the Complaint in
this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, including claims
for breach of fiduciary duty and proxy violations in the
Delaware Court of Chancery and in
state and federal courts throughout the
United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-rigrodsky--long-pa-announces-a-securities-fraud-class-action-lawsuit-has-been-filed-against-lifelock-inc-300119357.html
SOURCE Rigrodsky & Long, P.A.