NEW YORK, Aug. 14, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in LifeLock Inc. ("LifeLock" or the "Company")
(NYSE:LOCK) of the September 21, 2015
deadline to seek the role of lead plaintiff in a federal securities
class action lawsuit filed against the Company and certain
officers.
The lawsuit has been filed in the United States District Court
for the District of Arizona on
behalf of a class consisting of all persons or entities who
purchased LifeLock securities between July
30, 2014 and July 20,
2015.
The complaint alleges that LifeLock and its executives violated
federal securities laws by failing to disclose that the Company
failed to meet the 2010 FTC settlement order's recordkeeping
requirements. Among the violations of FTC's standards, the Company
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.
These violations became public in an FTC report released on
July 21, 2015 which revealed that
LifeLock violated a 2010 settlement with the agency and 35 state
attorneys general by continuing to make fraudulent claims about the
quality of its identity theft protection services. The report also
accused the Company of ignoring warnings from the agency to take
steps required to protect its users' data.
After this report, LifeLock's share price fell $7.91 per share during intraday trading, a 49.3%
drop, to close at $8.15 per share on
July 21, 2014, on heavy volume.
Request more information now by clicking here:
www.faruqilaw.com/LOCK. There is no cost or obligation to
you.
Take Action
If you invested in LifeLock stock or options between
July 30, 2014 and July 20, 2015 and would like to discuss your
legal rights, visit www.faruqilaw.com/LOCK. You can also
contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
LifeLock's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
Logo -
http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-in-excess-of-100000-investing-in-lifelock-inc-to-contact-the-firm-300128328.html
SOURCE Faruqi & Faruqi, LLP