|By PR Newswire||
|February 24, 2014 07:07 PM EST||
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of LifeLock, Inc. ("LifeLock" or the "Company") (NYSE: LOCK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether LifeLock and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On Sunday, February 23, 2014, the company announced in a Securities and Exchange Commission ("SEC") filing, that the Federal Trade Commission has started an investigation into the company's advertising and marketing practices in connection with Lifelock's alleged misrepresentations in the advertising and marketing of its identity theft protection services. The company had previously entered into a stipulated order with the FTC over its deceptive marketing practices, and the current investigation involves new allegations by a whistleblower.
On this news, shares of LifeLock fell $1.45 per share to $20.34 or more than 6.65%, on February 24, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP