Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors of LifeLock, Inc. ("LifeLock" or the "Company") (NYSE:LOCK) between July 30, 2014 and July 20, 2015, inclusive (the "Class Period"). Investors who suffered losses in excess of $100,000 on their investment in LifeLock are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.

LifeLock provides identity theft protection services for consumers and fraud and risk solutions for enterprises. LifeLock's threat detection, proactive identity alerts, and comprehensive remediation services purportedly provide peace of mind for consumers amid the growing threat of identity theft. In 2010 the Company entered into a settlement order with the Federal Trade Commission ("FTC") and purportedly changed its marketing and business practices in connection with this settlement.

On July 21, 2015, the Company’s shares declined nearly 50%, 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.”

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements concerning the Company’s alleged compliance with the 2010 settlement, LifeLock’s failure to establish and maintain a comprehensive information security program to protect its users' sensitive personal data, including credit card, social security, and bank account numbers; and that the Company falsely advertised that it protected consumers' sensitive data with the same high-level safeguards as financial institutions.

If you purchased shares of LifeLock during the Class Period you may move the Court no later than September 21, 2015 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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