LIFELOCK ALERT: National Securities Law Firm Announces Shareholder Lawsuit Against LifeLock, and Encourages Investors With Losses in Excess of $100,000 to Contact Law Firm for More Information
July 23, 2015
New York, New York
Tripp Levy PLLC, a leading national securities law firm, announces that a class action lawsuit was filed in the United States District Court for the District of Arizona on behalf of a class (the “Class”) of purchasers of the securities LifeLock, Inc. (“LifeLock” or the “Company”) (NYSE: LOCK) between July 30, 2014 and July 20, 2015, inclusive (the “Class Period”).
The lawsuit alleges that throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose, among others: (1) that the Company had failed 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; (2) that the Company falsely advertised that it protected consumers’ sensitive data with the same high-level safeguards as financial institutions; (3) that the Company failed to meet the 2010 settlement order’s recordkeeping requirements; and (4) that, as a result of the foregoing, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased shares of LifeLock during the Class Period and have suffered a loss in excess of $100,000 from your investment in LifeLock common stock and would like to learn more about this lawsuit, including your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.
In addition, if you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. If you are a member of this class you can join this class action to potentially recover your losses by contacting us.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.”
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