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Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against LifeLock, Inc.

NEW YORK, July 24, 2015 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of all persons or entities who purchased LifeLock, Inc. (“LifeLock” or the “Company”) (NYSE:LOCK) securities between July 30, 2014 through July 20, 2015, inclusive (“Class Period”), alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

The Complaint alleges that, throughout the Class Period: (1) the Company had failed to create and sustain a complete information security program to guard its users’ sensitive personal data, including credit card, social security, and bank account numbers; (2) the Company falsely advertised that it shielded customers’ personal information with the same sophisticated safeguards as financial institutions; (3) the Company failed to meet the FTC’s 2010 settlement order’s recordkeeping requirements; and (4) consequently, the Company’s statements about its business, operations, and prospects, were false and deceptive and/or lacked a reasonable basis.

If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.

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Source:Gainey McKenna& Egleston