Panel Substantially Overturns Dismissal Of Claims In LifeLock Stock-Drop Suit

Mealey's (July 11, 2019, 2:39 PM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on July 10 ruled that a federal district court erred in dismissing a securities class action lawsuit against identity theft protection provider LifeLock Inc. and certain of its senior executives because lead plaintiffs in the action sufficiently pleaded scienter as to all but one defendant and falsity in making their federal securities law claims (Oklahoma Police Pension and Retirement System, et al. v. LifeLock Inc., et al., No. 17-16895, 9th Cir.)....