LifeLock Class Action lawsuit, also known as a life insurance settlement is a structured settlement paid out to Class Members who were victims of identity theft. According to LifeLock’s class action lawsuit, Class Members are those individuals who bought a LifeLock life insurance policy between Sept. 1, 2021 and Jan. 20, 2021. The policies offered by LifeLock are not recommended by any insurance agencies. As a result, it is important for each individual to purchase a policy from an authorized insurance agency or organization, which offers reliable protection and assurance. Moreover, such organizations are required to follow strict guidelines and laws in order to remain in business.
Each month, LifeLock pays more than three hundred million dollars to the leading three credit bureaus. LifeLock has also implemented measures, which aim to prevent the repetition of its class-action lawsuit settlement practices. As part of the scheme, LifeLock requires its Classified Members to enroll in its debt management program, in order to pay their monthly premiums in a timely manner. In addition, LifeLock does not allow its clients to take advantage of debt relief programs available in the market. In fact, it considers these programs as inappropriate and unprofessional conduct, which is considered a breach of fiduciary obligations.
In terms of the False Advertising class action lawsuit, LifeLock further states that it regrets its actions towards the trust accounts of the Classified Members of its subscriber. LifeLock further stated that it was not aware that there were any misrepresentations or misleading statements made by the advertisers of its debt collection program. Consequently, the company will be liable for monetary damages and will have to pay a penalty to all the named parties. The fraudulent advertising class action lawsuit was resolved with a consent decree between the United States Federal Attorney’s office and LifeLock.
However, the consequences of this decision are far from being the end of the story. Rather, it is just the beginning of the process for the two parties involved. In fact, in terms of the World Wide Web, the company has just received another slap on its face. Lifelock notified all the members of the World Wide Web that it has decided to suspend the distribution of the web site and ask the accredited website providers to remove the Lifelock logo from the site. In other words, the world’s top class actions have been slapped once again.
Thus, the question arises – How can one escape from this situation? The answer is simple. The World Wide Web has helped in creating awareness about frauds and the laws that are applicable on their misuse. There are various web sites on the World Wide Web that provide assistance to those who have been victims of such frauds. One can go through these web sites and look for the information regarding frauds and fraudulent settlement programs. In other words, the fraud settlement program is not a new phenomenon.
It was brought to the notice of the World Wide Web that the company in question had been indulged in fraudulent activities by taking advance fees from the customers before providing any service. Therefore, it is very important to take advantage of the information on the web about the frauds that may be available. There are various web sites that provide free assistance to the customers. Hence, it is necessary for you to know more about the action lawsuit settlement program and know whether you should opt for it or not.