BOSTON, July 22, 2015 /PRNewswire/ -- Shares in the identity-theft protection company LifeLock, Inc. ("LifeLock" or the "Company") (NYSE: LOCK) plunged yesterday on a report that the Federal Trade Commission has determined that the Company violated a 2010 settlement with the agency and 35 states by continuing to make deceptive claims about its services and failing to take appropriate steps to protect client data. After the publication of this report, shares of the Company plunged $7.91, or 49.3%, to close at $8.15. Block & Leviton LLP is investigating whether LifeLock and certain of its officers and directors have violated the federal securities law in connection with the Company's representations regarding the efficacy of its identity-protection services.
If you purchased LifeLock stock prior to July 21, 2015 and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Mark Delaney of Block & Leviton LLP at (617) 398-5600 or Mark@blockesq.com. Confidentiality to any whistleblowers or other persons with information relevant to the investigation is assured.
Block & Leviton has offices in Boston and the San Francisco Bay area and specializes in representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 80 years. This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
Mark A. Delaney
SOURCE Block & Leviton LLP