RADNOR, Pa., Sept. 16, 2015 /PRNewswire/ -- The law firm of
Kessler Topaz Meltzer & Check, LLP reminds LifeLock, Inc.
(NYSE: LOCK) ("LifeLock" or the "Company") shareholders that a
class action lawsuit has been filed against the Company on behalf
of purchasers of the Company's common stock between
July 30, 2014 and July 20, 2015, inclusive (the "Class
Period").
LifeLock shareholders who purchased their common stock during
the Class Period are reminded that they may, no later than
September 21, 2015, petition
the Court for appointment as a lead plaintiff of the
class.
LifeLock shareholders who wish to discuss this action and their
legal options are encouraged to contact Kessler Topaz Meltzer &
Check, LLP (Darren J. Check, Esq.,
D. Seamus Kaskela, Esq. or
Adrienne O. Bell, Esq.) at (888)
299-7706 or at info@ktmc.com. For additional information
about this lawsuit, or to request information about this action
online, please visit
http://www.ktmc.com/new-cases/lifelock-inc.
The complaint alleges that, throughout the Class Period,
LifeLock and certain of its executive officers made a series of
false and/or misleading statements to investors, and failed to
disclose material adverse facts about the Company's business,
operations and prospects.
On July 21, 2015, the Company's
shares declined over 49%, or $7.91
per share, after the FTC "asserted 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." According to the FTC, LifeLock
violated the 2010 settlement order "from at least October 2012 through March
2014.
Reminder: Members of the class may, no later
than September 21, 2015,
petition the Court for appointment as a lead plaintiff of the
class. A lead plaintiff is a representative party who acts on
behalf of other class members in directing the litigation. In
order to be appointed as a 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 in the action. Your ability to share in any
recovery is not affected by the decision of whether or not to serve
as a lead plaintiff. Any member of the purported 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.
Kessler Topaz Meltzer & Check prosecutes class actions in
state and federal courts throughout the country. Kessler
Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf
of institutional and individual investors from the United States and around the world.
The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the
government and share in the recovery of government dollars).
The complaint in this action was not filed by Kessler Topaz Meltzer
& Check. For more information about Kessler Topaz Meltzer
& Check, or for additional information about participating in
this action, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299 - 7706
(610) 667 - 7706
info@ktmc.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/kessler-topaz-meltzer--check-llp-reminds-lifelock-inc-shareholders-of-impending-lead-plaintiff-deadline--lock-300144568.html
SOURCE Kessler Topaz Meltzer & Check, LLP