An investigation on for investors in Lifelock Inc (NYSE:LOCK) concerning whether certain directors of LifeLock, Inc. violated securities laws by issuing materially misleading business information to the investing public.
Investors who are current long term investors in Lifelock Inc (NYSE:LOCK) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE:LOCK stocks concerns whether certain Lifelock directors breached their fiduciary duties and caused damage to the company and its shareholders.
In 2010 Lifelock Inc entered into a settlement order with the Federal Trade Commission (“FTC”) and purportedly changed its marketing and business practices in connection with this settlement.
In July 2015, the FTC alleged that Lifelock Inc had been violating the terms of the 2010 settlement.
In October 2015, Lifelock Inc and the FTC reached another deal, whereby Lifelock Inc agreed to pay $116 million in penalties and costs.
On January 4, 2016, NYSE:LOCK shares closed at $14.00 per share.
Those who purchased shares of Lifelock Inc (NYSE:LOCK) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego