|Company Name||LifeLock, Inc.|
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf investors of LifeLock, Inc. ("LifeLock" or the “Company”) (NYSE:LOCK) concerning the Company’s and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit to recover damages suffered by LifeLock investors.
LifeLock provides identity theft protection services for consumers. On July 21, 2015, the Federal Trade Commission (“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.”
In documents filed with the U.S. District Court for the District of Arizona, the FTC charged that LifeLock failed to live up to its obligations
under the 2010 settlement, and asked the court to impose an order requiring LifeLock to provide full redress to all consumers affected by the company’s order violations. FTC Director of the FTC’s Bureau of Consumer Protection further stated that, “It is essential that companies live up to their obligations under orders obtained by the FTC. If a company continues with practices that violate orders and harm consumers, we will act.”
On this news shares of LifeLock plunged over $6.06 per share, or nearly 40%, during intraday trading on July 21, 2015.
If you purchased shares of LifeLock, 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 or by email to email@example.com