Robbins Arroyo LLP Is Investigating the Officers and Directors of LifeLock, Inc. (LOCK) on Behalf of Shareholders
01 Dezember 2015 - 10:38PM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of LifeLock, Inc. (NYSE:
LOCK) violated federal securities laws by issuing materially
misleading business information to the investing public. LifeLock
provides identity theft protection services for consumers, and
consumer risk management services for enterprises in the United
States.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/lifelock-inc-nov-2015
LifeLock Reserves $116 Million for Settlement with the
Federal Trade Commission
In 2010, the Federal Trade Commission ("FTC") charged that
LifeLock's advertisements claiming the company could protect
against identity fraud "ever happening to you – guaranteed" were
deceptive. The company agreed to pay $12 million to the FTC and to
set up a program to safeguard its customers' personal data. In July
2015, the FTC alleged that LifeLock had been violating the terms of
the 2010 settlement. In October 2015, LifeLock and the FTC reached
another deal, whereby LifeLock agreed to pay $116 million in
penalties and costs.
LifeLock Shareholders Have Legal Options
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney Darnell R.
Donahue at 800-350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151201006777/en/
Robbins Arroyo LLPDarnell R. Donahue619-525-3990 or Toll-Free
800-350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com
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