SAN DIEGO & TEMPE, Ariz.--(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.
