LifeLock Investors Seek OK Of $20M Securities Deal

Law360 (April 3, 2020, 9:01 PM EDT) -- A group of shareholders asked an Arizona federal judge Friday to give his blessing to a $20 million settlement to resolve claims that the identity protection service LifeLock Inc. misled investors about the impending fallout from its violation of a Federal Trade Commission settlement.

The investors, led by two Oklahoma state pension funds, are seeking preliminary approval of the multimillion-dollar cash settlement to end their proposed class action alleging that LifeLock wrongfully glossed over delayed security alerts sent to customers and deceived investors by downplaying an FTC probe into the company’s lack of compliance with a previous $11 million false advertising...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!