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TMCNet:  LOCK SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Announces Investigation of LifeLock, Inc.

[February 24, 2014]

LOCK SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Announces Investigation of LifeLock, Inc.

NEW YORK --(Business Wire)--

The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of LifeLock (News - Alert), Inc. (LifeLock) (NYSE: LOCK).

In March 2010, LifeLock and its Chairman and Chief Executive Officer, Todd Davis, entered into a stipulated order (FTC (News - Alert) Order) with the Federal Trade Commission (FTC) to settle allegations that certain of LifeLock's advertising and marketing practices constituted deceptive acts or practices in violation of the Federal Trade Commission Act (FTC Act). The FTC Order enjoins LifeLock from making certain misrepresentations in the advertising and marketing of its identity theft protection services.

In its 2013 Form 10-K filed with the Securities and Exchange Commission on February 19, 2014, LifeLock disclosed that on January 17, 2014, certain of its executives met with FTC staff to discuss allegations that had been asserted in a whisteblower claim against LifeLock relating to its compliance with the FTC Order. LifeLock further disclosed that, as a result of the meeting, it expects to receive either a formal or informal investigatory request from the FTC for documents and information regarding LifeLock's policies, procedures, and practices for its services and business activities.


Since making the above disclosure, LOCK shares have fallen over 12% in trading since closing at $22.29/share on February 20, 2014.

Persons with relevant information, and LOCK shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.

Additional information is available on our website at: http://www.wohlfruchter.com/cases/lock.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.


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