If you have losses in excess of $100,000 and you purchased your shares between February 26, 2013 and February 19, 2014, please contact us for information as to how you may be eligible to recover your losses. Our number is 1-877-772-3975 or visit our website at tripplevy. Attorney advertising.
NEW YORK, March 4, 2014 -- Tripp Levy PLLC announces that a class action lawsuit against LifeLock, Inc. and certain of its officers has been filed. The class action, filed in United States District Court, District of Arizona, and docketed under 2:14-cv-00416, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired LifeLock securities between February 26, 2013 and February 19, 2014, both dates inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's marketing and advertising practices were in direct violation of applicable government rules and regulations; (ii) the Company was in direct violation of the Settlement Order; (iii) the Company's revenues were earned through violations of the FTC Act and the Settlement Order; and (iv) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.
If you purchased shares of LOCK during the Class Period and suffered a loss on your shares and would like to learn additional information regarding this lawsuit including obtaining a copy of the complaint please contact us at 1-877-772-3975 or visit our website at tripplevy. Attorney advertising
Obviously if they had a case they would be working harder to make it known. "Disgruntled former employees" really have lot's of credibility. *Just kidding.
Sentiment: Strong Buy
I typically do not like shorting stocks. But this is too much to resist. This is got to be the short of the year. I'm in for $50k and expect a 20% drop when more news begin to surface.
Sentiment: Strong Sell
My concern is Lifelock knows too much about consumers that itself will be the next target with its
rich personal database for the hackers.
Very interesting comments. I knew LL was a junk company when I bought it. I'm a short-term holder at this point altho still with a 50% gain, but that may not last. I'm thinking of the tax consequences if I sell now.
1. Well, you can read page 10 of the 10K yourself. Its a public document.
2. You can wait to find out.
3. I'm sure Jim Cramer will be there to help you figure this out.
Sentiment: Strong Sell
Seeking Alpa, key word "pending" Short's will stop at nothing to reap a profit, be very careful here, have seen it against TSLA, HLF,IOC, NQ, of late to name a few. SEC is under manned or does not want to reveal the big Wall St. name's behind all this!!!
Thank you for your information. I wonder how many more people will sign up before the fall, if it comes, or if people will continue to enroll, based on fear. As a customer, this helps me. As a shareholder, this helps me. I want to sell, but I wonder if the next (hopefully there is not another) breach, brings more people to the stock.
I checked glassdoor site tonight, and it doesnt appear things have gotten any better, Some interesting reading about what employees liked and hated, as well as changes that should be made by management.