Kessler Topaz Meltzer & Check, LLP Reminds LifeLock, Inc. Shareholders of Impending Lead Plaintiff Deadline - LOCK

RADNOR, Pa., Sept. 16, 2015

LifeLock shareholders who purchased their common stock during the Class Period are reminded that they may, no later than September 21, 2015, petition the Court for appointment as a lead plaintiff of the class. 

LifeLock shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or at info@ktmc.com.  For additional information about this lawsuit, or to request information about this action online, please visit http://www.ktmc.com/new-cases/lifelock-inc.

The complaint alleges that, throughout the Class Period, LifeLock and certain of its executive officers made a series of false and/or misleading statements to investors, and failed to disclose material adverse facts about the Company's business, operations and prospects.

On July 21, 2015, the Company's shares declined over 49%, or $7.91 per share, after the FTC "asserted that LifeLock violated a 2010 settlement with the agency and 35 state attorneys general by continuing to make deceptive claims about its identity theft protection services, and by failing to take steps required to protect its users' data."  According to the FTC, LifeLock violated the 2010 settlement order "from at least October 2012 through March 2014.

Reminder: Members of the class may, no later than September 21, 2015, petition the Court for appointment as a lead plaintiff of the class.  A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.  Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. 

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country.  Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check.  For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.