GPM Reminds Investors Of The September 21, 2015 Deadline In The Securities Class Action On Behalf Of LifeLock, Inc. Investors
18 September 2015 - 5:07PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
September 21, 2015 deadline in the securities class action
lawsuit filed on behalf of investors of LifeLock, Inc. ("LifeLock"
or the "Company") (NYSE:LOCK) who purchased LifeLock securities
between July 30, 2014 and July 20, 2015, inclusive (the "Class
Period"). Investors who suffered losses in excess of $100,000 on
their investment in LifeLock are encouraged to contact GPM to
discuss their legal rights.
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.
On July 21, 2015, the Company’s shares declined nearly 50%, 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.”
The complaint alleges that throughout the Class Period,
defendants made false and/or misleading statements concerning the
Company’s alleged compliance with the 2010 settlement, LifeLock’s
failure 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;
and that the Company falsely advertised that it protected
consumers' sensitive data with the same high-level safeguards as
financial institutions.
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, please contact Casey
Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
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/20150918005517/en/
Glancy Prongay & Murray, Los AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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