What is the Symantec SEC class action lawsuit?
The Symantec SEC Class Action Lawsuit accused Symantec and its board of manipulating their balance and finance sheets to show off a much stronger and robust market performance to fool investors of the company’s actual financial standing.
Did Symantec just enter into a settlement agreement with the plaintiffs?
According to online reports, Symantec has agreed to the plaintiffs’ terms and conditions, thus entering into a settlement agreement with them. The settlement agreement originated from an original class action lawsuit filed against Symantec almost more than three years ago.
What is Symantec’s $70 million legal fund all about?
Per initial reports, Symantec has agreed to open up and allocate a fund worth $70 million that would be subdivided between the qualified Class participants after the other related legal fees have been subtracted from the total amount.
Is LifeLock being sued?
The FTC alleged that LifeLock violated an order that required the company to secure the personal information of customers and also made deceptive advertising claims. Lifelock agreed to pay $100 million. Of that, $68 million went to customers who were part of a class action lawsuit.
Is the LifeLock refund legit?
According to the FTC, LifeLock failed to establish and maintain a comprehensive information security program to protect its customer data, falsely advertised that it protected sensitive customer data with the same high-level safeguards used by financial institutions, and falsely claimed it provided 24/7/365 alerts “as ...
Did LifeLock have data breach?
LifeLock: Customer Data Secure The alerting claims raised by the FTC did not result in any known identity theft for LifeLock members. ... Based on the evidence, we do not believe that anything the FTC is alleging has resulted in any member's data being taken."
What happened to LifeLock?
LifeLock was acquired by Symantec for $2.3 billion on February 9, 2017. The company subsequently began to offer its Norton subscription services with LifeLock included.
How hard is it to cancel LifeLock?
Cancelling Your Membership You may cancel your membership at any time by submitting a request here, or contacting Member Services & Support. You should cancel prior to your renewal billing date to allow for processing. If you're still renewed, please contact us for help with a refund.
How do I file a claim with LifeLock?
Norton LifeLock Claims To report a security vulnerability that impacts LifeLock products or services, send an email to security@lifelock.com. To expedite verification of your finding, please provide the following information on your initial communication: Date the vulnerability was observed.
Can LifeLock be trusted?
LifeLock services LifeLock is recognized by the Online Trust Honor Roll and partnered with the digital security software company Norton. LifeLock notifies you if your information is compromised by monitoring major data breaches, credit reporting agencies and the dark web.
Is it safe to use LifeLock?
LifeLock is certainly a good choice, and that's especially true if you want Norton 360 antivirus software and access to a VPN that can protect your personal information when you're online.
How safe is Norton LifeLock?
As a trusted name in consumer Cyber Safety, NortonLifeLock brands are unfortunately used by hackers and scammers to take advantage of the trust we have built. These criminals fraudulently use our brand names and branding to try to trick and defraud consumers.
What is better than LifeLock?
IdentityForce also has better credit monitoring and credit reports from all three bureaus, making it our top pick for both identity theft protection and credit monitoring over LifeLock.
Can someone access my bank account with my Social Security number?
They can use your SSN to open a bank account in your name. That means that anyone with your SSN can easily open a bank account in your name, especially if the identity thief already obtained a driver's license in your name.
Is Norton LifeLock and LifeLock the same?
LifeLock and Norton are now part of one company giving you all-in-one protection for your identity, devices and online privacy. It only takes a few minutes to enroll and install.
Is LifeLock a reputable company?
LifeLock services LifeLock is recognized by the Online Trust Honor Roll and partnered with the digital security software company Norton. LifeLock notifies you if your information is compromised by monitoring major data breaches, credit reporting agencies and the dark web.
How long does a Norton refund take?
When Can I Expect To Receive My Refund? Once you get in touch with the company's representatives or send them an inquiry, it is up to Norton to accept or deny your refund request. If approved, it should take up to seven days before the money is back in your bank account.
Is refund check from FTC legit?
The FTC never requires people to pay money or provide account information to cash a refund check. The Federal Trade Commission works to promote competition and to protect and educate consumers. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov.
How do I cancel my LifeLock membership?
To cancel your LifeLock membership: Go to https://secure.lifelock.com/portal/login and log into your account. In the membership portal, click Request Support --> Click Cancel to terminate your membership. Keep your cancellation confirmation in case of any future complications.
What is the cost of Lifelock?
LifeLock allegedly offers three plans that range from $9.99 to $29.99 per month and offer consumers varying levels of identity theft protection. All three plans, according to the suit, promise that the company will notify consumers if their personally identifiable information is stolen and reimburse them for the costs of repairing any damage caused by identity theft.
Does Lifelock purchase address data?
According to the complaint, LifeLock does not purchase change-of-address data directly from USPS, and, if it does purchase the data at all, “can only obtain that data on a weekly, monthly, quarterly, or annual basis, not contemporaneously or even daily.”
Does Lifelock protect against identity theft?
The case argues that LifeLock does not deliver on its promises to protect consumers against identity theft, timely notify them of address changes, and assist them in repairing damage to their accounts and credit. The complaint notes that the company has been sued twice by the Federal Trade Commission for “making misleading statements concerning the nature of its service” but continues to deceive consumers into paying for protection while providing “nothing in return.”
What is the SEC class action lawsuit against Symantec?
The Symantec SEC Class Action Lawsuit accused Symantec and its board of manipulating their balance and finance sheets to show off a much stronger and robust market performance to fool investors of the company’s actual financial standing.
Who will weigh in on the settlement agreement?
United States District Judge William Alsup will weigh in on the merits and validity of the settlement agreement’s terms before releasing a decision.
What is the allegation that Symantec lied to its customers?
Allegation (s): Symantec and their board lied to their customers about the company’s actual financial status, which ended up in investors losing their money.
How much did Symantec lose after the stock market crash?
It is said that the company’s estimated $6 billion worth of market capitalization got wiped out after the scandal.
How much is Symantec's fund?
Per initial reports, Symantec has agreed to open up and allocate a fund worth $70 million that would be subdivided between the qualified Class participants after the other related legal fees have been subtracted from the total amount.
Who is the CEO of Symantec?
The company is currently headed by its CEO Vincent Pilette since his ascent to the position back in late 2019. Symantec has recorded revenue of $2.49 billion as of 2020.
Did Symantec settle a lawsuit?
According to online reports, Symantec has agreed to the plaintiffs’ terms and conditions, thus entering into a settlement agreement with them. The settlement agreement originated from an original class action lawsuit filed against Symantec almost more than three years ago.
How do I obtain more information?
Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-877-545-0231; or emailing info@LifeLockSecuritiesLitigation.com or mailing a letter to:
What is a settlement class?
The Settlement Class consists of: All Persons and entities who or which purchased or otherwise acquired shares of LifeLock publicly traded common stock and/or call options, and/or sold LifeLock publicly traded put options during the period from July 31, 2014 through July 21, 2015, inclusive, and who were damaged thereby.
What happens if you are a settlement class member?
If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act. Please read the Notice to fully understand your rights and options.