(August 12, 2015, 5:01 PM EDT) -- PHOENIX — Dismissal of a securities class action lawsuit against a company and certain of its executive officers is proper because the lead plaintiff failed to properly plead an actionable misrepresentation and scienter in making his federal securities law claims, a federal judge in Arizona ruled July 21 (Dawn E. Bien v. LifeLock Incorporated, et al., No. 14-0416, D. Ariz.).
(Opinion available. Document #57-150817-052Z.)
On March 8, 2010, the Federal Trade Commission sued LifeLock Inc. and Chairman and CEO Todd Davis. The FTC alleged that LifeLock...
Lead Plaintiff Failed To Properly Plead Scienter In Securities Suit, Judge Rules
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