SAN DIEGO, March 25, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on May 5 2014 in the lawsuit filed on behalf of certain investors in shares of Lifelock Inc (LOCK) over alleged Securities Laws Violations by Lifelock Inc in connection with certain allegedly false and misleading statements.
If you purchased a significant amount of shares of Lifelock Inc (LOCK) between February 26, 2013 and February 19, 2014, and / or if you purchased Lifelock Inc shares in early 2011 or earlier and currently hold any of those shares, you have certain options and you should contact the Shareholders Foundation before May 5, 2014 at firstname.lastname@example.org or call +1(858) 779 – 1554.
In March 2010 the Federal Trade Commission ("FTC") filed a complaint against Lifelock Inc and its CEO, alleging, among other things, that Lifelock Inc issued misleading advertisements and guarantees to customers regarding its identity theft protection services. Later in March 2010 Lifelock Inc entered into a settlement order with the FTC mandating that the Company no longer engage in deceptive marketing practices.
On February 19, 2014, the company announced that it had met with the FTC regarding alleged non-compliance with the settlement order, after a whistleblower had discussed certain violations with the FTC.
The plaintiff alleges that that the defendants made between February 26, 2013 and February 19, 2014 allegedly false and/or misleading statements and/or failed to disclose that Lifelock Inc's marketing and advertising practices were in direct violation of applicable government rules and regulations, that Lifelock Inc was in direct violation of the Settlement Order, that Lifelock Inc's revenues were earned through violations of the FTC Act and the Settlement Order, and that as a result of the above, Lifelock Inc's financial statements were materially false and misleading at all relevant times.
Plaintiff seeks to recover damages on behalf of all purchasers of Lifelock Inc publicly traded securities between February 26, 2013 and February 19, 2014.
Those who purchased shares of Lifelock Inc have certain options and should contact the Shareholders Foundation, Inc. by e-mail at email@example.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.