The Law Offices of Howard G. Smith Announces The Filing Of A Securities Class Action On Behalf Of LifeLock, Inc. Investors
28 Juli 2015 - 5:07PM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed on behalf of a class (the "Class") of
purchasers of the securities LifeLock, Inc. ("LifeLock" or the
"Company") (NYSE:LOCK) between July 30, 2014 and July 20, 2015,
inclusive (the "Class Period"). LifeLock investors have until
September 21, 2015 to file a motion to be appointed as lead
plaintiff in the class action lawsuit.
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 recordkeeping
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 purchased shares of LifeLock during the Class Period,
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, 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/20150728006268/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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