LOS ANGELES--(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 firstname.lastname@example.org, 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.
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